Smart business owners are always looking for ways to economize, but some may not think of potential savings that are literally right at their fingertips: their monthly credit card processing statement. By reviewing your current merchant services package, you may discover ways to increase your profits.
Just as businesses change over time, so do their credit card processing requirements. Start by taking a close look at your merchant account statement. Analyze each line to determine if it makes sense and corresponds to your written agreement with your credit card processor. Are you being charged for services that you don’t need or want? Are the listed rates accurate? Are there redundancies that could be eliminated? If, like many merchants, you find your statement to be confusing, ask your processor’s sales rep to do a line-by-line review with you to make sure there are no mistakes and that you’re getting the best deal for your specific situation.
The next step is to review your statement again, focusing on the bottom line. Ask if there’s some way to reduce the amount you’re paying. Talk with your rep about which of these fees are necessary and which can be avoided.
Reviewing your merchant services on a regular basis is a good way to remain connected to your operation and the ever-evolving world of credit card processing. New products and services are introduced on a regular basis, and a reputable merchant services provider like Central Payment can make sure that you’re benefitting from options that fulfill your specific needs.
Talk to your representative today about reviewing your merchant services. If you’re already a customer of ours, we’ll take the time to make sure your package is current with your requirements. If you’re with another merchant services provider, we’ll review your statements to see if we can improve your deal and save you some money at the same time. Either way, both you and your business will come out ahead!