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July 21, 2006, Newsletter Issue #25: Understanding the Credit Card Payment Processing
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Tip of the Week
The cost of processing credit cards can be a concern for small businesses looking to grow. Every credit card company charges a fee for using their services and some are higher than others.
A Credit Card Processing Tip: Do some analysis of your customer base. Do you have a lot of American Express Business card users or does your customer base lean towards Mastercard or Visa? You may want to use all of them at first and then use your accounting software to analyze which customers are using which cards, you may be able to stop using one service to minimize your cost per transaction.
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