While accepting credit card payments may seem like an expensive business, the fact of the matter is that it does not have to costly. There are ways that you can save money on your merchant account.
You never want to focus solely on percentage rates for discounts. There are companies who will offer you low rates but all these companies are trying to do is take your attention away from all the additional fees they will charge you. In the long run, this will end up costing you more money. You want to take your time and consider each quote you are given along with all the other fees added in.
Never sign a contract. Contracts mean that you are stuck with that company no matter how much you may dislike them. In addition, being in a contract means the company can increase your rates any time they want. If you are in a contract and decide you are not happy with the processor and cancel your contract, you will pay a hefty early termination fee.
It is important that you save on processing equipment as well. The majority of equipment used for processing can and will work with any processor. This gives you a wide array of options to choose from. Look around for the best equipment for your money as well as your processing needs. One thing to keep in mind is to never lease your equipment. Not only is leasing a costly option but it means getting involved in long term commitments.