We notice you are visiting from a U.S. Internet provider. 
19/10/2009 -
Though some small businesses and merchants are grumbling about the payment processing fees being charged by banks and credit card issuers, there are ways to limit credit card processing fees without waiting for federal legislation. For one, merchants should shop around for the merchant account provider that offers the best prices - this is especially important with debit card processing, with which the rates are variable (this is not the case with credit card processing).
Business Week noted that the payment processing industry is highly competitive at the moment, which "offers the opportunity for merchants to really shop around and see what is the best deal or the best service they can get," Jamie Savant, a partner at payment industry consultant Strawhecker Group, told the magazine.
Another way to save money on payment processing is by purchasing the POS terminals upfront - the magazine noted that merchants can pay up to twice as much in monthly fees by leasing terminals instead of buying them.
Additional fees, such as statement fees, can be cut by requesting online statements, the article noted.
However, one area in which scrimping is not advised is in PCI compliance, which could save the business thousands of dollars in lawsuits and legal fees should a security breach occur. In fact, it may even be a good idea to invest in additional compliance measures, experts advise.
