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2017 KGCSA Chairman
Lynn Rice
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Things You Do Not Know About Your Credit Card Processing That You Should
In today’s evolving world credit card processing the number one cost to small and medium size businesses is credit card fees. As credit card transactions continue to grow (U.S Purchase Volume of credit, debit and prepaid cards in 2013 was at $2.9 trillion) it is evident that merchants’ ability to handle credit processing without damaging their cash flow as well as profit is the key to operating more effectively in the payment-processing world they live in today. Unfortunately credit card processing knowledge and transaction information is so scarce and complex that most merchants, if any, can’t allocate the time and resources to combat the operational challenge they face. So what are some of things that merchants should know about credit card processing that they aren’t doing today?
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