How to eliminate credit card processing fees
Most businesses pay about 3% of every card sale in fees. You can eliminate your card fees with a cash discount or dual pricing program. The card price covers the fee, so the money stays in your business.
Why are my credit card fees so high?
Card fees are made of many small charges. A rate on every sale, plus monthly fees, plus fees you may not see until you read the fine print. When you sell more by card, the bill gets bigger.
Big tickets cost the most. A $2,000 repair at about 3% is about $60 in fees on one sale.
Can you pass credit card fees to customers?
You can price your sales so the card fee is covered. That is what a cash discount and dual pricing do.
- Cash discount: post the card price, give cash buyers a small discount.
- Dual pricing: post a cash price and a card price.
Both must follow card brand rules and state laws. Your rep sets up your program the right way for your state.
How to avoid credit card processing fees
- Get a real look at your statement. Your rep reads it with you and shows every fee.
- Pick a cash discount or dual pricing program.
- Get the right machine and signs set up.
- Keep one person to call. Your own rep, not an 800 number.
Questions
How do I stop paying credit card fees?
Use a cash discount or dual pricing program. The card price covers the card fee, so you stop paying it out of your own pocket.
How much are credit card fees for businesses?
Often about 3% of card sales once every fee is added up. Your statement shows your real number. Your rep can walk you through it.
Can a business charge customers a credit card fee?
A business can price sales so card fees are covered, like with a cash discount or dual pricing. Card brand rules and state laws set how. Your rep sets it up the right way for your state.
Why did my credit card fees go up?
Fees often rise as you sell more, when rates change, or when new monthly fees get added. Send us your statement and we will show you where the money goes.
See what you could keep.
Send us a recent statement. Your rep shows you every fee and a real quote.