WHAT IS NO FEE PROCESSING?
Running a business today is more complex than ever. No matter what type of company you are running, you need to make sure that you are offering your customers as convenient an experience as possible. One of the biggest ways to do this is by accepting credit and debit cards as a form of payment. The downside to this, however, is that the merchant processing fees can get quite expensive.
With most processing companies, the merchant absorbs the costs of these payment fees, which can be 3-7%, or even more, depending on the processing companies involved and the type of cards that are accepted. If you use Posinmyarea, on the other hand, you don’t ever have to pay another dime to the credit card companies. This can save you thousands of dollars per year, while also providing you a more convenient experience everyday!
SAVING PROCESSING FEES
There are many costs involved with taking credit or debit card payments, so you may be wondering how it is possible for Posinmyarea to provide this service to you without taking a percentage of each transaction like the other processing companies do. The answer is really quite simple. Rather than charging you a percentage of each sale, we just add on a small 4% charge to each transaction, which is paid by your customers.
When your customers checkout, they will have 4% added to their bill if they want to pay using a credit or debit card. This fee covers all of the costs associated with our service, the credit card companies, and everything else. So, if your customer is buying a product for $100 with a credit card, they will be charged $104. The processing fee is clearly listed on the receipt so there is never any confusion. This way, you get the full $100 for the product or service that you are providing!
ADVANTAGES OF Posinmyarea
There are some great advantages to joining the thousands of merchants who have already begun using Posinmyarea for their credit card processing. The obvious benefit is that you don’t have to absorb the costs of the processing. Another benefit is that your accounting will be much easier each month. Rather than trying to figure out how much your processing company is charging for each transaction (which can vary based on the type of card being used) you always know your prices are what you will receive.
In addition, we have found that customers almost never object to having this small 4% charge added to their bill. Those that prefer not paying it can pay for their purchases in cash, which is often preferable for merchants anyway! In the end, there are many great perks to using this service, and no downsides, which is why it is growing in popularity so quickly. If you have any questions or you would like to begin the process of signing up for this service, please give us a call at 1-800-888-2510 today. We look forward to providing you with the best credit card processing services around.
