Accepting credit card payments is a fundamental part of running an online business. You need a payment provider that supports your payment needs, scales with your business, and charges the low fees. That seems pretty straightforward, but unfortunately it’s not easy to choose the right provider for your business.
Deciphering credit card processing rates and additional fees can be complex and confusing. The details that really determine what you’ll pay are often buried in the fine print of your agreement. Frankly you don’t have time to figure it out. But that’s where there’s danger.
It can be easy to simply chase the lowest advertised rate. Rate chasing is an easy trap to fall into because the logic seems sound: in order to maximize profit margins, we must minimize fees. In reality however, fee structures with credit card processing vendors are not always clear-cut.
We are holding an in-depth webinar on this topic on Thursday, July 24 at 1pm EDT. Make sure to join us to learn more about how you can cut your credit card processing fees.
10 questions to ask
In the meantime, here are 10 questions you should ask a payment provider now to help manage your processing costs:
Whether you are just starting your online business or you are looking to switch your current payment provider, those are some of the fees you should consider. To learn more, please watch this webinar.