An Insider's Guide to Negotiating Credit Card Processing Fees in QuickBooks

I've seen some of my friends pay $30 a month to process their credit card payments. And I've seen others pay $10 per month. So how do you know if you're getting a good deal on your QuickBooks Credit Card Processing Fees? Here's what you need to know:

What are credit card processing fees?

Credit card processing fees are the fees charged by a credit card processor for processing credit cards. Processing fees can be charged as a percentage of the transaction or as a flat rate, and some processors also charge monthly maintenance fees or transaction fees.

Should you pay the processing fee in QuickBooks?

If you're processing a large number of transactions, it makes sense to pay the fee. However, if you are processing only a few transactions, it may not be worth your time to pay the fee.

If your credit card processing takes place outside of QuickBooks (for example, through another system), then there's no reason not to pay the fee because QuickBooks won't charge it anyway.

How do you get around paying a processing fee in QuickBooks?

There are several ways to get around paying a processing fee in QuickBooks, but the most effective is to use a merchant account that offers no processing fees.

A flat rate means that all transactions are charged at the same rate, regardless of size or type (e.g., swipe or keyed). This can be useful if you don't want to worry about calculating rates for different types of transactions and amounts; however, some merchants prefer tiered rates because they can save money by charging lower transaction fees on smaller purchases than larger ones (e.g., $0.25 per $1). Tiered rates also come with volume discounts: The more you process through your account each month, the less it costs per transaction!

If none of those options sound appealing enough for your business' needs--or if none of them exist--then there's still one option left: Find another processor who does offer what works best for YOUR business!

What is a flat rate processing fee?

Flat rate processing fees are a percentage of the transaction amount. The flat rate varies depending on your industry and company size, but it's typically between 2-3%. For example, if you have a $1,000 sale and pay a 3% flat rate processing fee, your total charge would be $100 plus whatever interchange fees apply to that particular card type (we'll cover those later).

Flat rates are usually higher than transaction fees because they don't include any discounts for low-ticket items or volume discounts from multiple sales in one month. Flat rates can also seem more expensive than interchange fees when comparing apples-to-apples--but remember: there is no such thing as "the best" credit card processing method! Instead of trying to find the cheapest way possible for each type of sale or customer type (which isn't always possible), consider using all three options together so that each sale has its own unique pricing structure based on its specific needs and behaviors.

How do you know if you qualify for a flat rate processing fee?

If you have a small business, and are processing less than $10,000 per month, then your card processor may be able to offer you a flat rate. Some processors do not offer this option at all. If yours does not offer it or if the flat rate is too high for your business needs, there are other options available to help save money on processing fees.

Is it possible that your account can change from one type of fee to another?

It's also possible that your account can change from one type of fee to another. The best way to find out what the current processing fee is and if it will change is by asking. If you have any questions about the actual or future processing costs associated with your QuickBooks credit card transactions, don't hesitate to ask!

The best way to avoid paying high fees for credit card processing is to know when and how to negotiate.

The best way to avoid paying high fees for credit card processing is to know when and how to negotiate.

Negotiation is a skill that can be learned, but it takes practice. If you are new at negotiating or feel uncomfortable with the process, start small with your most trusted vendors and build up from there. Here are four tips for getting started:

• Know Your Business - Know what makes your business unique so that you can explain why their services are valuable in terms of price and value. This will help them understand why they need you more than other customers do!

• Know Your Customer - Do they have specific needs or preferences? Are there other companies offering similar products/services at lower prices?

• Know Your Processing Provider - What kind of technology do they offer (e-commerce gateway versus point-of-sale)? How long has this company been around? What reputation does it have among industry professionals like yourself? Have any complaints been filed against them recently by other businesses like yours? You should also ask about cancellation policies (ease), as well as rates going forward after any introductory period ends."

Conclusion:

Hopefully, this article has given you some tips on how to avoid paying QuickBooks Credit Card Processing Fees. Remember that the best way to negotiate is by knowing when and how to do so. You don't want to miss out on any opportunities because they came at a bad time or with bad timing in general!