Credit Card Processing – The True Charge

The fees for small business owners are large when it concerns card processing. Card processing is in critical need of a change in the way merchant premiums are charged. What exactly are the card processing services that small business owners pay for, and are they paying too much? Card Processing fees The British Retail Consortium (BRC) has created a very in depth report based on the price ranges of card processing in 2009. Their findings are interesting and inform us that from the main payment methods available to the public: cash, cheque, fee cards, debit cards, cash, and last but not least credit cards, it is actually this final one, the credit card that is liable for the larger percentage of the cost of payment collection. Out of £588.4m in 2009, 47.2% of this...