Is Your Credit Card Service Fee Too High?

One of the hidden costs of accepting credit card payments in your business is the credit card service fee. Keep tabs on your service fee should be an active part of your credit debt management, and higher fees should not be accepted even when tempered by tempting credit card rewards.

The best way to determine whether or not your service fees are too high is to comparison shop. Most credit card servicing companies have detailed information about their fees available for you to review online. If you feel your fees are too high, talk to your service provider and let them know that you are considering a change if they are unable to provide you with better rates. Often, the competition for your business is fierce enough that your provider will match or beat the competition's fees or otherwise make it worth your while to stay.

If your provider cannot provide you with the best rates, it may be time for you to seriously consider a switch. While there may be some hastle involved initially, the long term savings will be well worth the time and effort you put into making the switch. Remember, keeping your costs down is one sure way to remain profitable.