As small business people, some of us live or die by our ability to offer credit cards as a payment option to our customers, and for most of us, we accept the costs associated with credit cards as a cost of doing business. However, do you understand HOW your interchange costs and other fess are calculated? The very large companies like Marriott, Hilton and other national chains have Cost Recovery Specialists who comb through their statements every month and are able to save them millions in unauthorized fees. But most of us at FohBoh do not have the finances, knowledge or time to do that.
Merchants Against Unfair Interchange Practices – Call To Action! | BetterNetworker.com