Do I Pay More for Convenience?

The “convenience” offered by some national processing providers does not always offer the most cost effective and/or time efficient answers for businesses to process credit card payments. Here are three examples of clients who thought they were doing what was best for their business and have recently came over

As business owners there are numerous decisions we must make, on a daily basis, that effect our business on all levels. This can become overwhelming even for the best of us. Often time business owners will begin to look for convenience in order to make their life easier, but at what price?

The “convenience” offered by some national processing providers does not always offer the most cost effective and/or time efficient answers for businesses to process credit card payments. Here are three examples of clients who thought they were doing what was best for their business and have recently came over:

  • The mobile device Square provided a convenient start for this tradesman. As his business grew, the size and volume of his transactions grew. He was unaware of the limitations that were associated with using Square. The transition to actual merchant account was not only warranted but also necessary.
  • “My bank was so helpful when I opened my business checking account. They even helped me to sign up for a merchant account. However, I didn’t realize the length of time or the cost of leaving the contract.”
  • “My accounting software made it easy for me to sign up and begin processing customer payments.” But they were taking a fee withdrawal for each transaction and a fee withdrawal at the end of the month.”

At TransAct we take the time to talk with you and develop the system that fits you and your business. TransAct is built on a foundation of individual attention, competitive pricing, exceptional customer service, and the understanding that each customer is our most important asset

A very wise person from Ireland once shared with me a saying that has more applicability than ever before “a penny wise and a pound foolish”