The business world isn’t all smooth and easy, even if it’s “just” a small business. It’s important to remember that there’s always free cheese in the mousetraps, but the mice there are not happy. You need to pay for everything, it’s just that sometimes you get things like free processing and need to pay a bit less.
There’s a lot of ways to minimize your losses and maximize your profit:
- First of all, you should be absolutely sure that your credit card processor (or operator) is hundred-percent transparent and reliable. That point can also cut your losses, because you can choose an operator that will offer something really attractive and save a lot of money on it. For example, WOW Payments offer lower credit card rate than most of the companies out there and follow it up with an amazing system which no one has matched yet: it’s when you pay once (it costs $100) and forget everything you heard about any monthly payments earlier in your life. Yeah, it might not answer to the question “How to process credit cards for free?”, but it’s as close to free as you can probably get.
- If you accept credit cards, you get yourself a point for free. It’s that easy, really. You’ll always win a contest between ‘cash only’ and you, even just because of the people who left their cash in the car, at home or just don’t use it as much as the other guy.
- It’s also not recommended to use your own local bank as a credit card operator, because it’s highly unlikely that you get lower credit card rate there, as they already have you as a client and don’t need to offer you good stuff to get or keep you on their side. It’s always better to use someone independent, who is interested in keeping you satisfied for as long as possible and with as many great features as possible.
- Keep track of your statistics. If you don’t pay attention to what happens to your money, don’t be surprised when it’s gone. That’s probably the hard way to word it, but you’ve got to be careful and be informed of all the things that happen to your company’s bank account. Moreover, you can cut off all the excessive spending and see if your processor does everything that it’s supposed to, because you’ll see everything from a good perspective. It might take a lot of time, but it will pay off and you’ve simply got to do this if you want your business to be any kind of success.