7 Ways to Save on Your Merchant Account
Here are a few tips from Beyond Transaction that can help you save money, time and hassles:
- Make sure you batch out every day. Batch processing occurs when you transmit the “batch” of daily sales stores in the terminal for processing.
- Swipe the card as often as you can.
- Make sure you obtain the customer zip code and full address if the magnetic strip isn’t working.
- Make sure your business name and phone number appear on the customer’s receipt and on the description line of your customer’s credit card bill.
- When it’s a pin-base debit, make sure to put in the address every time you process a transaction.
- Make it easy for customers to call you versus the credit card company, which could cost you money in retrieval or charge-back fees.
- Enter in the tax amount and do not bypass the prompt to do that. Entering this info will also help qualify you for lower rates
The ultimate trick to fee reduction is to lower your risk, which can increase savings. Shrink the risk involved with each transaction and expand the money you can save.
Every day you delay is lost revenue. Contact us at 866-799-8975 for more information and to get started