According to a survey from USA TODAY, nearly two-thirds of small businesses frequently accept credit cards as a form of payment. For many business owners, this includes offering customers the option to use their own personal credit cards when shopping in their stores or places of business. If you run your own business and are unsure how much it should cost for your company to accept credit cards, keep reading for helpful information and tips on how you can get the cheapest credit card processing rates possible.
There are many companies that offer different rates on their quoting system, but only some of them will actually give you the best deal. If you want to make sure that you’re getting a great price for your credit card processing rates, there are a few tips and pieces of advice you should know.
Start Searching for Cheaper Processing Rates in Person: The best way to get cheaper credit card processing rates is directly through your current merchant account provider. Don’t be afraid to share your needs with the company agent and ask what they can do for you. If you’re not happy with your current rates, chances are other companies will offer you a better deal if you just ask.
Compare Cheaper Rates Online: It can be time consuming to do research on companies that offer cheaper credit card processing rates in person, so the next best option is to start searching online. There are many great comparison websites that offer you the opportunity to input your zip code and business type so they can offer you accurate rates right away. It’s quick, easy and there are no sales people pressuring you into anything.
Don’t Fall Victim to Cheaper Rates Promises: Some companies may promise cheaper rates or even free terminal rentals in an attempt to gain a sale on credit card processing services. While it’s true, some companies will offer you free equipment, don’t expect all of them to do the same. Instead of taking their word for it, make sure you’re getting an honest solution with rates that are right for your business.
Know the Cheapest Credit Card Processing Rates Right Now: The average cost of credit card processing is between 2.69% and 3.6%, so if any company tells you that you can get cheaper rates, be aware that it’s possible they’re not being completely honest with you about the process. Cheaper credit card processing rates are rare, but there are some companies that offer them – just make sure they’re not promising something that they can’t follow through with.
Before accepting credit cards, you need to know the Cheapest Credit Card Processing Rates in order to avoid overpaying for your service. By following these simple tips, you’ll be able to find a company that’s willing to give you the best deal on the market today!
