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Expand Your Payment Options With CCI+EC
"Automatically assuring that we get all the Level 2 & Level 3 discounts we're eligible for was a major reason why we went with ProStar. We used to have to fill out manually every single line item detail on every transaction. Now the details are input for us." - Tina Intrieri, Shockwave Medical
ACH As An Alternative To Payment Cards
Payment by ACH transfer (e-check) is another effective means to reduce the costs of payments by customers that might otherwise be made by credit card. For example, if a customer is unwilling to accept a surcharge on their credit card payment, then they have the alternate option to make an ACH transfer, which costs the receiving party less than one-third as much as a payment card transaction. Thus, your business would pay even less to receive a payment by ACH than if the fees for a payment card transaction were split 50/50 with the customer.
Discover Opportunities To Save On Every Sale
The cost of payment card processing is typically 2.5% to 3% of every dollar received, so for a business grossing $10 million each year in credit card sales, the transaction costs equate to between $250,000 and $300,000. These are substantial amounts; investing up front to reduce these fees can have an equally significant impact on your bottom line.
Your relationship with the processor is handled via a Sales Agent or Independent Sales Organization (ISO). Reducing interchange fees with a combination of interchange optimization and a lower net account rate is a proven, high value savings method of which many businesses do not take full advantage.
It’s time for your business to get on track towards significant savings with CCI+EC. Contact us today for a free demo!