{"id":1551,"date":"2023-08-08T12:48:23","date_gmt":"2023-08-08T16:48:23","guid":{"rendered":"https:\/\/pairpayments.com\/?page_id=1551"},"modified":"2023-12-14T15:28:59","modified_gmt":"2023-12-14T20:28:59","slug":"accept-credit-card-payments","status":"publish","type":"page","link":"https:\/\/pairpayments.com\/accept-credit-card-payments\/","title":{"rendered":"Why No Fee Processing?"},"content":{"rendered":"\r\n

Challenges<\/h3>\r\n

Following are problems with existing payment processors (whether fee or no-fee based) when you try to accept credit.<\/p>\r\n

Thousands in Fees<\/h4>\r\n

Some payment processors charge YOU between 2.9% – 4.3% or more to process a typical VISA transaction. If your company processes $1 million in revenue, it cost you $29,000 in fees (at the lowest rate). Ouch!!<\/p>\r\n

Most don’t even provide no-fee options (where the fee is absorbed by the customer).<\/p>\r\n

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Only a few payment options<\/h4>\r\n

Many offer standard credit cards – but they don’t process debits, 3rd party ACH, or international credit cards. Many don’t integrate with the latest systems when trying to accept credit. They also cannot help with quick cash flow – no financial services.<\/p>\r\n<\/section>\r\n

Hard to Contact<\/h4>\r\n

When you’ve got issues, some are hard to get help-no live chat, limited phone support, no in-app help.<\/p>\r\n

Price Gouging<\/h4>\r\n

And then there are the HIGH rates-think about the $29,000 processing fees!<\/p>\r\n

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THE BIG QUESTION<\/h2>\r\n

So, how do you drastically reduce your processing fees, ensure you can take ANY payment type, make sure the processing works with ALL your systems, get the best help (including financial services) if there is ever a problem-and make sure you have the minimal rates (even if you go with the fees model) when you want to accept credit?<\/p>\r\n

Perhaps you should consider\u2026<\/p>\r\n<\/section>\r\n

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Credibility<\/h3>\r\n