23 Sep Do You Know What It Costs to Get Paid?

Canadian businesses are fortunate to have Interac Debit for in-person, card-present transactions. Yet some businesses continue to process transactions by manually entering credit card numbers—even when there may be a less expensive and more secure alternative.

Here’s a real-world example:

If you could sell your products or services without your customers knowing exactly what you paid for them, you could price more strategically and potentially improve your bottom line.

Payment processing is similar—but the fees are often hidden in complexity. There can be hundreds of different fees, with different names depending on the processor, and statements can be confusing and difficult to compare.

FeeAdvocates understands payment processing statements. We can analyze your current costs and compare them with rates and programs we know are available.

You know your costs for goods, labour, equipment, rent and other operating expenses. So why not know what it costs to get the money from your customers into your bank account?

With the vast majority of Canadian transactions now being electronic, payment processing is a significant business expense worth understanding.

Contact FeeAdvocates for a complimentary, no-obligation audit of a recent processing statement.

You know your business. We know credit and debit card processing. Let us do the heavy lifting.

This could also be made more provocative and attention-grabbing for a blog opening, particularly around the idea of “What if your customers knew your costs, but you didn’t know theirs?”