Credit Card Processing Fees
Why not use your bank for credit card-processing services? What you are paying for that convenience, versus shopping around, might surprise you. Those fees are explained thoroughly in this article from Forbes, as well as some extra perks you might not have considered asking for in your negotiation. I hope you enjoy it!
When Yvonne Chu launched Kimera, her Brooklyn, N.Y.-based dress retailer, five years ago, setting up a system to accept her customers’ credit cards was an afterthought. Already armed with a small business card from Capital One, she figured why not use the bank’s credit card-processing services, too? “I needed it in a hurry,” says Chu.
It took a few years, but Chu eventually realized she was leaving real money on the table…..