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The Best Credit Card Processing For Small Business Owners

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The Best Credit Card Processing For Small Business Owners

By Marco Carbajo, Guest Blogger
Published: September 10, 2013

Are you looking to accept credit cards from your customers? Is building your company's creditworthiness essential to you? In this article, I'm going to share with you how to determine which merchant for credit card processing would be best for your small business.

Let's face it, there's no lack of merchant suppliers both online and offline providing a whole set of amazing tools for simple credit card processing such as virtual terminals, mobile credit card readers, credit card equipment and so on.

The bottom line when it comes to credit card processing: more attention should be paid to fees rather than the bells and whistles.

Instead, in today’s fast-paced world, more attention is paid to speed and easy setup when it comes to accepting credit cards as a small business. However, the important thing to realize is that going with “fast and easy” is not always the best and most cost effective.

Simplicity is expensive, so before you decide to use a turnkey payment processing company and pay costs from 2.9% +.30 per transaction, take some time and research ways to receive much lower fees for credit card processing.

The fact is that if you are a small business and you wish to get cash from clients by means of credit cards, then you need a merchant account. A merchant account is what you utilize to accept credit cards, get cash and make money as a business.

Typical merchant account companies can charge up to 5% of everything a company earns with prices consisting of merchant processing costs, gateway fees, interchange costs, Visa, MasterCard, American Express charges, statement fees and so on.

In time these expenses could add up to a great deal of money; that's money your business is not taking in. Every penny being paid is cash your business is not making.

What if you could reduce your existing credit card processing fees 25%—50%?

While regular rates go from.41% to 2.19%, some merchants specializing in small business have processing fees ranging from 0% to.36%.

In addition, why not choose a merchant provider that reports your company's repayment history to a major business-credit reporting agency?

Having a merchant provider that provides low credit card processing fees while enabling your business to establishing its own creditworthiness is an ideal solution for a small business owner. When searching for the best merchant to supply credit card processing for small business consider these two main factors before making a decision.

  1. Low processing fees
  2. Building your company’s creditworthiness

These two ideas are basic, yet incredibly effective for a small business owner. Don’t let “quick and easy” replace being cost effective and efficient.

About the Author:

Marco Carbajo
Marco Carbajo

Guest Blogger

Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the Community, and All His articles and blog; Business Credit, have been featured in 'Fox Small Business','American Express Small Business', 'Business Week', 'The Washington Post', 'The New York Times', 'The San Francisco Tribune',‘Alltop’, and ‘Entrepreneur Connect’.


ATTENTION SMALL BUISNESS OWNERS shoot me an email today, so we can see how we can save u money on your credit card processing statement lets cut down your bill
Call me to save money on your monthly processing fees...I havent has a merchant who I didn't save money! Don't get stuck overpaying! 201.281.9748
having worked in the bankcard pos industry for a number of years it has been my experience that "interchange plus pricing" is the way to go. I am not sure that building business credit worthiness is something a merchant account is really going to do for you, unless you process a lot of money. Sure, opening a merchant establishes some credit history, but not as much as one would think. The biggest thing next to price is not building credit worthiness, but service as in what do get for all those rates and fees you pay? Do they offer 24-7 customer support? Do they charge more, if I have a problem with my POS system. There are a lot of service related topics that would be a bigger determining factor, if I had a small business that needed credit card processing or a POS system.
Hi Marco can you please share the name of the credit card processing company you mentioned with the best rates/ Thank you
shoot me an email so we can discuss the best and most cost efficient credit card processing for u
Marco may not be able to post the company he is referring to as the SBA restricts publishing commercial solicitations. However, a little research revealed that the 0% is available for the first 2 months of the contract and available longer if you refer two other friends (businesses). The business Marco is referring to is a for profit business so it has to make money somewhere. Most credit card processors should be able to lower your rate to get your business. While processors can quote whatever they like, they should be able to show you how they will lower your overall effective rate along with lowering rates on specific cards you regularly accept. As someone in this business merchants can receive rates in the .05% to .30% range since we do this regularly.
Marco, can you please tell me what type of credit card companies you are using so that they can report to my credit card agency and give me great rates too? Thanks!
I would be interested in the processing company you recommend. It seems Marjorie.gosling is content with the processing company she has. Can you recommend that company name as well?
Did you ever receive the name of the companies. If so would you be willing to pass them on two me? Thank you.


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