I saw a post the other day about 'lowering business costs' that inspired this thought. One of the most obvious ways would be to reduce payment processing expense.
I know from experience and studies I have read that most merchants suspect they are paying too much for credit card processing. They have no idea why, they just know it's too expensive. If your business accepts credit cards and you feel this way, I'd like to suggest a simple solution: Invest a little time in comparison shopping, and if you get an offer that looks better than your current program, all you need to do is confront your present processor with that proposal (obviously BEFORE you sign off on the proposed deal no matter how good it looks). If it's legit, your present processor will probably meet or beat it. If it's not (and lots of them are not), hopefully he'll explain why and help you make an informed decision. Either way, you'll come out ahead either in terms of lower costs or enhanced knowledge.
If anybody would like an opinion or ask quesetions regarding their current processing program, please respond to this post and we'll have a conversation. This is not a hard sell--I'm in my sixties now, semi-retired, been in the processing business a long time, have lots of knowledge to share. . As I say, your first choice would be to confront your present processor with your new found knowledge...this is not a 'fire them and hire me immediately' pitch. If that doesn't work, that's the time to explore other options.
A word of caution: If you do receive another 'bid' that looks good, do your homework first, do NOT leap before you look. Lots of landmines and misleading processing schemes out there, don't fall for them.
AMSPCS
amspcs@juno.com
I know from experience and studies I have read that most merchants suspect they are paying too much for credit card processing. They have no idea why, they just know it's too expensive. If your business accepts credit cards and you feel this way, I'd like to suggest a simple solution: Invest a little time in comparison shopping, and if you get an offer that looks better than your current program, all you need to do is confront your present processor with that proposal (obviously BEFORE you sign off on the proposed deal no matter how good it looks). If it's legit, your present processor will probably meet or beat it. If it's not (and lots of them are not), hopefully he'll explain why and help you make an informed decision. Either way, you'll come out ahead either in terms of lower costs or enhanced knowledge.
If anybody would like an opinion or ask quesetions regarding their current processing program, please respond to this post and we'll have a conversation. This is not a hard sell--I'm in my sixties now, semi-retired, been in the processing business a long time, have lots of knowledge to share. . As I say, your first choice would be to confront your present processor with your new found knowledge...this is not a 'fire them and hire me immediately' pitch. If that doesn't work, that's the time to explore other options.
A word of caution: If you do receive another 'bid' that looks good, do your homework first, do NOT leap before you look. Lots of landmines and misleading processing schemes out there, don't fall for them.
AMSPCS
amspcs@juno.com
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