For businesses primarily dealing with other businesses or government agencies, Level 3 processing can significantly reduce costs through detailed data collection.
Tag: processing fees
Level 2 Processing: What It Is and Why It Matters
Credit card processing fees are a burden for many businesses, especially those with high transaction volumes. But what if there was a way to lower those fees without changing your payment provider? This is where Level 2 credit card processing comes into play.
Navigating Processing Fees: Best Practices for Cash Discounting and Surcharging
To alleviate the impact of processing fees, many businesses are turning to cash discounting and surcharging strategies. We explore the best practices for implementing these strategies effectively.
Cash Discount vs Surcharge
As transaction fees continue to impact profit margins, businesses are looking for ways to mitigate these costs while maintaining customer satisfaction. Two common approaches used are cash discounting and surcharging.