Due to the rapid growth of credit card processing fees, it is becoming increasingly difficult to abandon high payment plans.
The average business pays between $1,000 and $2,000 annually for credit card processing. The question is, do you want to continue paying these fees?
The cost of purchasing a credit card terminal depends on the type of terminal, its capacity and manufacturer. Most terminals used by small businesses have relatively low processing speed and capacity. This is not the best option from the point of view of economic efficiency, since it takes more time to complete transactions. However, these terminals can offer merchant account and convenience without worrying about additional fees such as foreign transaction fees or annual interest rates.
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