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Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

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Whether you run a small online store or a major brand, accepting electronic payments is a must for all businesses. According to Onbe, 73% of consumers prefer using digital payments like cards and payment apps. But to seamlessly receive these payments as a merchant, you’ll need merchant processing services.

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How Much Do Credit Card Companies Charge Merchants?

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Credit card transactions have quickly become the lifeblood of eCommerce businesses and storefronts alike. Credit card fees, including interchange, assessment, and payment processor fees, impact businesses on a per-transaction or recurring basis. billion every single day.

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10 Ways SMBs Can Maximize Profit

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Each method provides unique insights that can help inform your decisions. These are the fees your business pays to process non-cash payments and they can add up fast. One way is by negotiating with the companies that process the payments. Finally, there is one other method available to save money on processing fees: surcharging.