White Papers

Add $$$ to your bottom line: Manage your Cost of Electronic Payments

Businesses have many different costs and while many of those costs are fixed and cannot be changed, payments processing is one of those costs that can be influenced and reduced. Most companies that process electronic payments from their customers don’t look into reducing their payment processing costs because they lack internal expertise, don’t have enough time or resources, or just don’t think it will make enough of a difference to justify their time. Most companies are overpaying for processing credit and debit card transactions and haven’t taken advantage of the savings potential.

Interchange Optimization: Are you getting the best rate?

There are many costs associated with accepting credit and debit cards as payment.  The largest cost is interchange, and it can represent 70 to 95 percent of the total cost of processing credit and debit cards.  Interchange cannot be negotiated but it can be managed.  This white paper provides a background on interchange and identifies specific strategies that can be employed by companies to reduce the cost of processing credit and debit card transactions.

Understanding the Cost of Processing Card Payments

Determining the true costs of credit card processing can be difficult. Merchant statements can be confusing and there are so many technical and industry-laden terms thrown around that it becomes challenging for companies to understand how much card acceptance is actually costing them.

But in actuality, if you know your interchange, dues/assessments and acquirer fees, then you can determine most of the all-in costs for card processing. And knowing this information can help you cut costs and improve your bottom line.