5 Ways to Reduce Your Payment Processing Costs

Payment processing fees are an unavoidable cost of doing business, but they don't have to eat significantly into your bottom line. Here are five proven strategies.

1. Understand Your Fee Structure

Review your statements regularly and ask your provider to break down exactly where your money is going.

2. Optimize for Card-Present vs Card-Not-Present

Card-present transactions typically have lower fees than card-not-present transactions.

3. Reduce Chargebacks

Chargebacks come with additional fees that can range from £15 to £100 per incident.

4. Negotiate Based on Volume

As your transaction volume grows, you gain significant negotiating power.

5. Choose the Right Pricing Model

Different pricing models suit different businesses. Paebs offers transparent pricing starting at 1.4% + 20p.