- February 21, 2020
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Payment Processing Companies are one of the most important pieces to your companies success, as you know, there are many moving parts and expenses to operating a successful business.
Payment Processing Companies
Merchant Services or also referred to as Payment Processing is an expense that cost businesses money up front as a startup company and grows with the company as it processes more money every month. Why you ask?
Payment Processing is a loan from a bank- its digital money that starts from your credit or debit card and used at a merchant of your choice to purchase goods or services. Now depending on the goods or services you are purchasing is dependent on the cost to process a transaction- this can also have underlying cost for example: The Risk of the transaction, where is the transaction taking place? Online? Over the phone? Face-to-Face? Is the client using Credit or Debit? And what does the merchants business do? (Are you a grocery store or a pot shop?) All of these transaction associate themselves with a little bit of a variation as far as risk levels and cost associated per every transaction.
Yes you heard me say digital currency- Merchant services is the original version of Crypto Currency or Bit Coin, now don’t mistake that statement it’s the same in-regards to the fact you take money and convert it into data and comes out the other side money. Time travel for money!
Award Winning Payment Processing & Consulting
Take a minute and reach out to us and let MHR show you the way to thousands in savings and profits. We offer a free consultation and cost to cost analysis, including our business consulting service. Bring one of your strongest partners to the table and watch your bottom-line GROW! We Guarantee Savings over your current provider.
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