Online credit and processing/merchant accounts

Also, be sure to compare the rates between multiple processors. This is the per transaction fee/percentage that they charge for their service. You should be able to do some negotiating on the rates but even if you can't you will probably get different rate offers from different processors and have some options. Then you can play them off of one another. The merchant processing business is quite competitive as we receive weekly calls from one company or another wanting our business. They will entice you with free terminals, best rates, etc. etc. Use this to your advantage and negotiate your rates down. This stuff adds up.

And for everyone's knowledge, if you accept credit cards at your business, debit is cheaper than credit with regards to the processing fees. Part of the reason why more points/miles are offered to the consumer on the credit side is so that they will run the card as credit and the business has to pay the higher fee. We always ask to run as debit if possible and this is also why most big box retailers credit card machines will default to debit when you swipe your card at the register. For a small business the difference in these fees can be several hundred to several thousand dollars a year. For the big box stores it adds up to millions a year.