Sunday, March 15, 2020

5 Tricks to Lower Credit Card Processing Fees

5 Tricks to Lower Credit Card Processing FeesCredit Anatta Tan/Shutterstock With everything small business owners have to think about, leistungspunkt card processing fees may not be something that automatically comes to mind. The fees may not seem like a lot by themselves, but those small percentages processors take for every transaction can quickly add up. And when you combine transaction fees with assessment fees, authorization costs and other monthly fees, your monthly credit card processing bill can balloon to an astronomical amount.Editors notenzeichen Looking for a credit card processing solution for your business? Fill out the below questionnaire to be connected with vendors that can help.Unfortunately, you cant avoid credit card processing expenses, but merchants can take steps to save thousands of dollars each month.Here are five ways to lower your credit card processing fees.1.Negotiate with credit card processors.The best way to negotiate with payment processors is to be seen as a merchant that adds value, thus making the vendor want your business, said Rey Pasinli, executive director at Total Apps, a merchant service provider.You can negotiate with credit card processors by leveraging your transaction volume. This is because the mora you sell, the mora transactions you perform, and the more value it adds to the processor, Pasinli said. Interested in finding the right credit card processorfor your business? Check out our best picks.Processors, just like any other business, can negotiate with their suppliers off of the volume of processing their clients complete, he said. The more you give them, the more negotiating power they have upstream to lower their overhead in different areas. In turn, they can lower your tarifs if it is worthwhile to them.2.Reduce therisk of credit card fraud.The higher security risk you rumliche lage as a merchant, the higher your credit card processing fees will be. You have two primary ways of r educing the risk for credit card fraud swiping credit cards and entering security information, said Jeffrey Gehrs, president at Electronic Merchant Systems, a credit card processing company.Swipe as many cards as you can, Gehrs said. Thats because the rates platzset by card brands like Visa and MasterCard are higher when the cards are keyed in based on fraud risk, he explained. With new technology, like cell phone swipers offered by full merchant-service providers and microprocessors like Square, there are few excuses to not swipe the majority of your cards.Merchants can also lower the risk of fraud by providing security information that protects the cardholder and validates the purchase. An effective way is to always enter the billing ZIP code and security code when prompted, Gehrs recommended.This seems like a small nuisance, but bypassing this step could cost your business over 1 percent of each sale, he said. Similar to keying in sales, forgoing this process means a higher rate due to fraud risk.3.Use an address verification service (AVS).To take a step further in reducing credit card fraud, use an address verification service (AVS), a system that verifies the cardholders billing address with the card issuer. This fraud-fighting tool has a big benefit in the world of e-commerce, including limiting chargebacks.During the checkout process, the customer enters their address, which is then compared to the address on file with the issuing bank. Once the comparison is made, the issuing bank sends an AVS code to the merchant, who can then use the code to authorize or reject the transaction.Both Visa and MasterCard support AVS globally, and in the U.S., Visa incentivizes businesses to use AVS by providing a lower interchange rate when merchants perform an AVS check on transactions.4.Properly set up your account and terminal.Sometimes, a simple mistake can lead to higher credit card processing fees. Avoid this by setting up your account the right way from the start , said Fenella Kim, founder and CEO of Reliance Star Payment Services. If you set up your account improperly, you risk incurring higher processing fees from providing incorrect business information.Setting up the account properly impacts how the fee structure works, Kim said. The type of business, type of transactions and frequency of transactions matters.Similarly, the way your terminal is set up and used also affects processing fees. Kim suggests making a habit of processing transactions within 24 hours, which lowers the number of transactions for that period and thus reduces processing fees.If you do your batch process every day, it is more cost-effective instead of every few days or a few times a week, she said. Dont wait, because the longer you wait to process, the higher the fees and rates.5. Consult with a credit card processing expert.Most small business owners know next to nothing about credit card processing. Gain a better understanding and an advocate by consulting a cred it card processing expert. Not only can these professionals debunk credit card processing myths, but their knowledge and relationship with processors can also help you get lower rates for your business.Here is the secret that merchants are always shocked to find out Regardless of their size or amount of volume, virtually all credit card processors buy their rates directly from Visa, MasterCard and Discover for the exact saatkorn price, said Robert Livingstone, president and founder of IdealCost.com, a credit card processing consulting company. Therefore, all credit card processors have the capability to resell these rates at the exact same price to different businesses.Knowing insider information like this can help small businesses gain an edge with vendors.geschftlicher umganges are under the false impression that they have to keep switching their credit card processor in order to see a savings, Livingstone said. One reason is that when businesses call their current credit card pro cessors to negotiate better rates, theyll get almost nowhere, he said.Instead, Livingstone and his staff negotiate the lowest possible credit card processing fees with their existing vendors. This means no switching or cancellation fees and zero downtime by switching from one processor to another, Livingstone said. If there is a savings, we split it with the client. If there is no savings, our services are free. Julianna Lopez Julianna Lopez is a freelance writer, editor, and social media marketer. She loves all things New York, books, movies and theater. If youre interested in her services, you can reach her at lopez.julianna6gmail.com. 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Tuesday, March 10, 2020

What Does It Take To Be A Top 100 Intern This Rising Star In The Aerospace Defense Industry Has The Answer

What Does It Take To Be A Top 100 Intern This Rising Star In The Aerospace Defense Industry Has The AnswerWhat Does It Take To Be A Top 100 Intern? This Rising Star In The Aerospace Defense Industry Has The AnswerSome people shoot for the moon. An engineering in eigener sache at one of the nations premier private aerospace and defense companies Sierra Nevada Corporation (SNC) aims higher.Kripash Shrestha is not your average engineering student. He has his sights set on a successful career. For Kripash, that means working for a company where he not only can work on his preferred tech (autonomous systems), but also work for a mission he believes is paramount. And, with this internship, hes doing just that.This determination helped earn Kripash a spot on the WayUp Intern 100 list for 2018. If youre interested in the space, defense or cybersecurity industries, you wont want to miss what Kripash had to say about his remarkable internship at SNC.What Its Like To Intern At A Leading Spa ce Defense Company?SNC is dedicated to pushing the boundaries of whats possible with technology in the most critical sectors of engineering. The SNC team works with jets, spacecraft, probes, rovers, drones, cybersecurity and even high-tech gear to help soldiers in the field.With so much on the line, its hard to imagine SNC interns taking on real responsibility. Kripash, however, says thats not the case at all.When you think of internships, you think of some companies giving low work to the interns, he says.But here, youre getting a lot of good opportunities and experience. Youre documenting code, and getting the same experience other software engineers are doing at the same time. Im sure 100 percent this expands to other departments.So what exactly does Kripash do?Ive been working on the Navigation and Landing Systems (NLS) team. Specifically, Ive been helping with all-weather precision approach and landing systems, he said, which means hes contributing to the software systems tha t help some of the most advanced unmanned aerial vehicles take off and land safely.What Its Like To Be Named A Top 100 Intern?My family made a big deal about it. People in the company congratulated me, Kripash said.While he remains humble, the engineer-in-the-making admitted it was a great reminder that hes headed in the right direction.It just feels really nice, and tells me that Im doing good work, and that I should continue improving on what Im doing. So Im raising the standard for myself, he said.Dont let Kripashs humility fool you. Being named a WayUp 100 intern was no easy feat.He competed against interns from a swath of industries and companies. The process included rounds of public voting, manager recommendations and a panel of expert judges who finally narrowed down the exclusive list.(For a full look at WayUps Intern 100 list and the interns who made the cut, click here.)Kripash said he would definitely recommend the SNC internship program (which landed a spot on WayUps To p 100 Internship Programs list) to other prospective interns, especially if theyre interested in space, defense or navigation landing systems.In fact, Kripash liked SNCs program so much, he opted to join their co-op program. Hes currently working three days a week at SNC in tandem with his senior year of college.Want to learn more about a Top 100 intern program (that produces Top 100 interns like Kripash)? Do you want to start your own career in aerospace and defense? Check out SNC on WayUp now

Thursday, March 5, 2020

The Importance of How to List Unfinished College on Resume

The Importance of How to List Unschliffed College on Resume To get resumes for Resumes, youre likely to want to uncover. You may wish to discover the vorlage youd really like to download resumes for Resumes which are free. Repeat steps for any extra instruction listings that you want to enter. Repeat steps for any extra education listings that you want to enter. A Startling Fact about How to List Unfinished College on Resume Uncovered You are likely to have possibility of succeeding in your selected career area and be in an area. If youre trying to find work, its important to be sure your resume stands out over the leftovers, especially if youre up to date of college and wanting to departure your career on the suitable track. There are a lot of resume strategies to master which will help you land the job that you desire. You will see lots of examples on career websites. Its also wise to be ready to talk about your college courses in your interview, once the time comes. I f youre submitting a resume in your very last year of school for a position that demands a specific degree level, then putting your expected date of graduation is helpful since they will need to know that you are going to have the suitable degree by the moment you start. When youre applying for work, odds are either you havent yet completed your degree or you dont mean to finish it any time soon. To discover more have a peek at our Dock Worker Job Guide. Because job experience plays an important part in securing work transitions managers work in positions for some time to find the experience necessary to oversee transitions. If you finish the novel, even if it isnt published, I feel like that could rise to the degree of a business accomplishment since it demonstrates dedication. Express your enthusiasm for the organization and you prefer to learn more concerning the position. The work description for any particular position gives you a clue about whats crucial to your employer . To start with, you can analyze the job posting the simple fact that business creating to ascertain exactly what is essential for the position.