Don’t forget about “Small Business Saturday” and that whole sham AMEX throws out there. Total BSWe did not take them for the first 12 years we were in business. Eventually, my crew told me we were losing a couple of orders a night from callers who cancelled when they wanted to pay by card. Made that decision pretty easy. For quite a while it ran about 30-40% of sales. But, in recent years the % has grown every year. In the past year it finally got so high we could no longer pay out the tips received in cash because some days there was not enough cash receipts to do so without drawing down the till. Now we pay CC tips on the paycheck.
I still hate the fact that we are forced to pay the marketing expenses of the card issuer in the form of the “points” they give away. It is total BS.
So did mine and i’m livid! I fight it out with them every time i go in there…“this isn’t a currency exchange, its a bank and a bank I do a lot of business with. the currency exchange is closer than you guys are. I should start banking with them.”Our bank just started charging us for the paper rolls for coins when we go to get change. That in itself is ridiculous.
I just talked to them today to see why we’re being at charged at one location and why it was waived for the other. If they don’t lighten up on some of their fees they’ll lose our business altogether, which isn’t just the banking portion, it’s the merchant services (which I’m going to start looking into as time permits)So did mine and i’m livid! I fight it out with them every time i go in there…“this isn’t a currency exchange, its a bank and a bank I do a lot of business with. the currency exchange is closer than you guys are. I should start banking with them.”
do it! im happy with vantiv and i hear heartland is just as good…they all do the same thing really. just font get sucked in to a company that’s a third party to a third party for a third party of an exchange…they are the ones with direct access to the credit card companies and will give you the best deal. your bank is more than likely a third party.I just talked to them today to see why we’re being at charged at one location and why it was waived for the other. If they don’t lighten up on some of their fees they’ll lose our business altogether, which isn’t just the banking portion, it’s the merchant services (which I’m going to start looking into as time permits)
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I’m all for trying to get the best rate and like the strategy of CC’ing all the companies. I’m going to try this in the near future, I hate giving away money.do it! im happy with vantiv and i hear heartland is just as good…they all do the same thing really. just font get sucked in to a company that’s a third party to a third party for a third party of an exchange…they are the ones with direct access to the credit card companies and will give you the best deal.
If you process an absurd amount of cards, you should easily be able to negotiate great rates…depending on what your definition of absurd is of course. I’d definitely try though because even a small change makes for big bucks for guys who process a ton of business.We use our bank as well, we process an absurd amount of credit cards each month. Our bank just started charging us for the paper rolls for coins when we go to get change. That in itself is ridiculous. After reading all these posts I’m going to contact some merchants soon and hopefully start cutting some costs.
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I need to just set the time aside to do it. Once I do, I’ll post my resultsIf you process an absurd amount of cards, you should easily be able to negotiate great rates…depending on your definition of absurd is of course. I’d definitely try though because even a small change makes for big bucks for guys who process a ton of business.