Credit Card Processing Shouldn’t Require a Degree

Credit Card Processing Shouldn’t Require a Degree

Credit Card Processing Shouldn’t Require a Degree

Reading a processing statement can feel like reading a textbook you never signed up for. Hidden line items, confusing acronyms, and fees buried in places most people wouldn’t even think to look. You should not have to become a payment expert just to understand what you are being charged.

If you want clarity, you can send us your statement and let Elite Payment Group break it down in plain language. No pressure, no sales pitch, just honesty and numbers you can understand.

Email a copy to yaritzi@elitepaymentgroup.com or call 321 244 3031 to request a free comparison.

Not Ready to Share Your Statement? Start Saving Anyway

Even without changing providers, there are simple habits that can help you keep your processing costs down. These best practices can lower fees and protect you from chargebacks.

Best Practices to Reduce Processing Costs

• Always dip or swipe when the card is present.Card-not-present transactions cost more because they carry more risk. If the card is physically in front of you, use the chip or swipe instead of typing in the number.

• Enter address information for manually keyed transactions.Adding the billing ZIP code and address improves the security score and reduces risk pricing. This small step lowers costs on keyed transactions.

• Use debit cards when possible.Debit cards typically cost less to process than credit cards. When appropriate, ask if the customer would like to use debit.

• Keep transactions on a single batch per day.Closing batches properly each day prevents “downgraded” charges that lead to higher interchange fees. Make sure your system is set to batch out daily.

• Capture a customer signature.Even on small purchases, a signature is valuable. If a customer disputes a transaction later, you have proof they authorized it, helping avoid expensive chargebacks.

• Make sure your terminal or POS stays updated.Outdated software can trigger higher rates or missing security features. Ask your provider if updates are needed.

• Avoid unnecessary refunds by using clear return policies.Refunds not only cost time and money, but if a customer initiates a chargeback first, you can pay extra fees. Signage and clear communication reduce this risk.

Want the Real Numbers Without the Guesswork?

These tips help, but the biggest impact comes from seeing exactly what you’re being charged today. A short review of your statement could save you hundreds or thousands per year, and you don’t have to do any work.

Send us a statement. We’ll explain it in a simple breakdown and show what you can save with or without switching providers.

Email your statement to yaritzi@elitepaymentgroup.com or call 321 244 3031 for a free review.