ABC Of Payment

With the right strategies and knowledge, businesses can effectively reduce payment processing fees and optimize their financial performance.

First thing first: Understanding ABC on the payment processing

A-Payment processing fees typically consist of interchange fees (charged by card networks)

B-assessments fees (charged by card issuers), and

C-payment service provider fees.

These fees are determined based on various factors, including transaction volume, average ticket size, card type, and processing method.

Over a period of a week, we will explore the top five tips for reducing payment processing fees and achieving long-term success.