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**A recent report found that 83% of point-of-sale (POS) payments in 2022 consisted of credit, debit, and digital wallet transactions. Indeed, consumers appreciate the convenience of paying with credit and debit cards. Credit card processing companies provide the infrastructure and software so you can accept credit card payments, including online and in-person transactions.
However, monthly subscription fees and pricing structures vary by the merchant account provider. Since a good portion of your credit card sales (1.5% to 3.5%) goes to your payment processor, picking a credit card company that suits your business model, transaction volume, and customer payment preferences is essential. Learn how credit card processing works, what to look for in a merchant services provider, and how to negotiate lower processing fees.
Click HERE to read:
A Guide to Understanding Credit Card Processing
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