Credit and debit card processing fees should not be overlooked as a cost-saving center. Merchant fees are a huge part of the cost of doing business and can drain your profits.
Vendor Choice looks out for your best interests by providing objective, independent advice to reduce your payment processing fees and increase profits. Our ongoing vigilance ensures your rates remain competitive no matter your transaction volume.
At Vendor Choice, we understand that every business has unique payment processing needs. That's why we offer customized solutions that are tailored to your business. Our team of experts will work with you to understand your specific requirements and find the best payment processing solution for your business.
We will help you simplify your payment processes, from setup to daily operations, to ensure your transactions are processed accurately and efficiently. Our team of experts will work with you to implement the best payment processing practices for your business, and provide ongoing support to ensure everything runs smoothly.
Merchant fees are the fees charged by payment processors to process transactions on behalf of merchants. These fees can add up and become a significant expense for businesses. Here are some ways to reduce merchant fees:
If you process a high volume of transactions, we will negotiate with your payment processors to get better rates. Payment processors may be willing to offer lower rates to merchants with high transaction volumes.
We do the research and compare payment processors to find the one with the lowest fees for your business type and transaction volume.
Some payment processors may charge additional fees for certain services, such as chargebacks, refunds, or monthly maintenance fees. Avoid unnecessary fees by understanding your payment processor's fee structure and choosing the services that are necessary for your business.
Payment processors may charge higher fees for high-risk transactions. Implement fraud prevention measures such as address verification, card verification, and fraud monitoring to reduce the risk of fraud and lower your merchant fees.
Some payment methods may have lower fees than traditional credit card processing. For example, ACH payments, e-checks, or digital wallets may have lower fees than credit card transactions. We will provide you with the best plan with the best rates.
Zero-fee credit card processing is a pricing strategy that passes most (or all) of the cost of credit card processing onto your customers so that they pay the processing fees, not you. Zero-fee processing can involve either surcharging credit card payments or offering a discount for customers paying in cash.
One call with us will determine if we can help you, and there is no cost for that either. Schedule a call today.