6 ways for retailers to reduce the credit card processing fee
- Choose the right pricing models.
- Negotiate the markup fee with credit card processors.
- Reduce the risk of credit card fraud.
- Use an address verification service.
- Set up your merchant account and terminal properly.
- Get payment processing from your POS provider.
Merchant fees are not the limit of fees associated with credit cards. In addition to what you pay to process the credit transactions, you will find additional fees that are tacked into the process. Negotiating any one of these fees down can help you save money. Lowering all of them will transform your business.