August 24, 2016
Taking the Bull by the Horns: Optimizing Your Payment Costs – A CNP Expo Session Spotlight
Feb. 26, 2015
As all merchants are painfully aware, it costs more to process and receive payments made through card-not-present channels than standard card-present transactions. While there are a few fees that make up your total processing costs that cannot be negotiated, there are ways to ensure that you are qualifying for the best interchange rate. Merchants also have been successful working with current partners to regularly audit the fees paid to processors and gateways to ensure that they are competitive based on their current volume. In addition, alternative payments with lower transaction fees are an attractive alternative to credit cards, however you must ensure that you are selecting the right option for your business and will be attractive to your consumers. Some merchants have found such value in paying continuous attention to optimizing their payments costs and infrastructure that they have hired dedicated managers to oversee this process.
Navigating these strategies is complex, but can make a significant difference to your bottom line. Optimizing payment costs will be the focus of a CNP Expo panel we expect to be one of the most popular at this year’s show. In this wide-ranging discussion, our lineup of merchants and industry experts will share concrete tips to lower your cost of accepting card-not-present payments you can replicate in your own business.
Join this session and many more at the CNP Expo where you will get 40 hours of professional training directly benefitting your business. Click here to register before prices increase.