
WHY DO I NEED A CREDIT CARD PROCESSOR?
ARE YOU PAYING TOO MUCH FOR CREDIT CARD PROCESSING?
“I’m paying 2%!” I cannot tell you how many times I’ve heard a business owner proudly claim that. I politely smile and then ask them if I could review a few months of statements. Calculating what rate a business is actually paying is simple but not always easy. You have to add up all of the fees (Interchange, PCI, Misc, Gateway – everything) and divide it by the total dollar amount processed in credit cards. For example:
$3500 (total fees) ÷ $100,000 (total credit card volume) = 3.5%
Numbers don’t lie! Buried (sometimes deeply buried) within your processing statement is the truth about what you’re being charged. You just have to look for it. The reason I ask for a few months of statements to review is because sometimes processors deduct a hefty fee once per quarter or once per year instead of every month. These are all tricks played by processors to bilk a business owner out of as much money as possible. The bottom line is that a business owner may have been promised a 2% rate, they may have started at a 2% rate, but many times their rate has dramatically increased over time.
THE CREATE DIFFERENCE
To combat these negative trends, Create has a number of policies in place to give our merchants an increased level of comfort:
Our merchants feel completely empowered and in control.
To book a free consultation today, click here https://bit.ly/2MLolZ8
WHY DO I NEED A CREDIT CARD PROCESSOR?
WHAT IS A MERCHANT CASH ADVANCE (MCA)?