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Any Philadelphia-based business knows that customers demand convenient payment options. However, giving them what they want doesn’t necessarily make financial sense when credit card processing fees quickly add up. Whether it’s the subscription services, statement fees, online access fees, or other charges, your business winds up paying the price for offering customers the ability to pay with a card.
There was a time when you could easily get away with running a cash-only business, but with each passing year it gets harder and harder for Philadelphia merchants to avoid processing credit cards. With that, it also means more and more of your bottom line is going to credit card processing fees. Whether it’s annual fees issued simply for being a client, or maintenance fees on your credit card processing terminals, you can be sure that offering customers the ability to pay with a card will translate into less money for you each year.
However, there’s a way to avoid this. With Global Payment Source, you can instead pass those fees on to your customers with a reasonable 4 percent convenience charge. This will allow you to process cards for transactions of any size, and your clients will likely appreciate it so much that they won’t even mention the fees. You can avoid the hassle and cost of merchant fees, and in the end you’ll wind up taking a lot more money home each year.
Call us today to learn more. We’ll explain the process for how to register your business and the various assessments we’ll need to conduct, all of which are completely straightforward and easy to complete. It won’t be long before you’re able to stop paying credit card fees altogether and will instead be able to take home more of your profits. Not only is it easier to start than you might think, it’s also a win-win when it comes to customer satisfaction.