You can’t run a business without some type of credit card payment software, but the fees on processing can be excessive. The good news is, you may be able to save money on these fees by switching to cost plus billing, which can positively impact your bottom line. Your existing blended rate processing may be easy to understand, but it could be costing you more than you might with cost plus billing.
How much you’re paying on your e payment gateway depends on many factors, but the reality is that most companies will save money, and many of them can see substantial savings, by switching to a cost plus billing structure. This structure is sometimes referred to as interchange plus billing because the fee is directly tied to a required interchange fee. Because processing cost is completely transparent, it’s easy to see how much money you’ll save when compared to blended rate processing.
To find out more about how, and how much, cost plus billing might save your company, visit PayVisors.com, the business consulting website specializing in helping you find the best payment gateway options for your business. PayVisors has comprehensive articles on cost plus billing along with many other relevant topics. What is more, you can read the publication at #UniPayGateway which contains a lot of additional useful facts.