Accepting credit cards allows you to expand your client base and receive payments from people who otherwise wouldn’t be able to pay for your services. However, credit cards can also create a small cash flow leak. Processing fees are typically minor at around 1.5% to 3.5% per charge; however this reduction in cash flow can quickly add up to thousands of dollars in lost revenue, depending on the amount of credit card sales you have. Thankfully, you can easily reduce or even eliminate credit card fees if you know what to do. Most payment processing services charge a fee that is made up of an assessment, an interchange, and a payment processing fee. Some of these are negotiable, and if you know which ones and how to negotiate the amount of the fee, you can better manage your credit card fees and improve your bottom line. To learn more about credit card processing fees and how to manage them, read our latest blog post. https://growyourchiropractice.com/five-ways-you-can-lower-your-credit-card-fees/
