Save on Card Processing

More and more people are starting to shop via ecommerce websites; this directly affects the increase in electronic fund transfers and the issue of credit card processing.

Each time a customer makes a purchase there is an immediate transfer of money between customer, business and bank. This payment is usually performed via a credit or debit card. The effectiveness and handling of this process can vary dramatically. Below are some essential guide points about Card Processing.

• Research into various types

  With the access to the internet researching into different Credit card processors couldn’t be easier. There are hundreds of different companies each offering different pros and cons.

  Now its up to you to find the best one that will suit your style of ecommerce solution.

• Reduce Rates

  Understanding your pricing structure is very important. By doing so you can spot hidden fees, processing fees and percentage fees. Which will equate to loss of profit for your ecommerce website.

• Sneaky Fees

  As mentioned above look out for hidden fees and find out what exactly you are responsible for as the merchant. Hidden fees can seriously damage profit so they are well worth an investigation.

• Website development

  Although not an easy thing to do, feel free to change card processors from time to time even if your business has been up and running for some time. Remember there could be money saved in switching.

• Are you high risk?

  Higher risk companies that deal with adult entertainment or gambling are deemed ‘high risk’ by many card processing companies. If you believe your ecommerce website could be classed as high risk try and find a processor that specialises in that area to lower your costs.

Any more information? Contact us at Advansys Limited Building 4 Millars Brook Molly Millars Lane Wokingham Berkshire RG41 2AD Telephone: 0845 838 2700 Fax: 0845 838 2701 sales@advansys.com