Quick Credit Card Processing Could Bring Your Business Up to Speed

There is nothing more dangerous for a business than to lag behind. The fact is that the business world is one that is fast paced and extraordinarily demanding. If you are unable to keep up with this pace you will be left behind and your business will end up bankrupt.



However, with quick credit card processing, what you will find is that it can really help to bring your business back up to speed. It will help to streamline everything and make things just that much easier to do and easier to accomplish. There is so much potential value and profit in this idea.

Veto to End Quick Credit Card Processing Service Charges

While businesses are charging extraordinary fees to use debit cards, one Senator, Jenny Oropeza of Long Beach tried to put it to an end. In her bill, SB 933, merchants would not be allowed to charge their customers the fee of using a debit card. Lots of times, the cost of quick credit card processing increases the cost of the purchase forty to seventy cents. However, with the bill, these processing costs would fall into the hands of the credit card providers.

The bill may have been a fan to many shoppers, but was vetoed by governor Arnold Schwarzenegger. He believed that not allowing these extra service charges would ultimately make the business owner raise the initial price of items just to cover their fee. He said, “The burden of paying these surcharges should fall on those who use debit cards and not on those who choose to pay with another form of payment.”

Quick Credit Card Processing Costs Reflect On Customers Final Price

New research pinpoints just how much customers are being charged for using their debit and credit cards. While it may just cost businesses a few cents per processing transaction, the customers are said to be paying significantly more. As a customer the fees amount when purchasing airfare, hotel rooms, concert tickets, etc. The total price adds up with all the amounting fees. On some occasions, the fee charges can wind up almost doubling the initial price of the order.

When retailers were asked why such high fees, they blamed the cost of quick credit card processing services. While businesses are able to generate business with online commerce, they are forced to only accept debit and credit cards. This is convenient for both provider and shopper, but the costs are getting to ridiculous highs.

Covering the Cost of Quick Credit Card Processing When Taking Donations

Greg Adkins, a pastor from Powell knew the importance of helping people, especially children. However, financially supporting children overseas may be difficult for many. Generally, most programs ask $25-$35 a month to help the child, a price many cannot afford right now.

So Adkins had an idea to help fund children overseas. He thought about a Mother Teresa quote that had resonated with him: "In this life, we cannot do great things. We can only do small things with great love." This gave him an idea. Adkins said, "I thought, 'I don't know if I can get one person to give $25, but I bet I can get 25 people to give $1."

Adkins created a link to his blog where readers had the option to sign up with PayPal to make a month donation. He asked for a donation of $1.33 to ensure that the quick credit card processing fee of 33 cents would be covered. By doing this, Adkins was able to get enough monthly donors to sponsor two children. While some may not have the money to donate $25 a month, many can do $1.33, making this idea a great success.