Eliminating Credit Card Processing Fees: Benefits of Credit Card Surcharging and the Risks of Non-Cash Adjustments
So, I decided to make this blog because I noticed that my credit card processing fees have been gradually increasing over the last few years and Colorado (where I live) just recently passed a bill that allows credit card surcharges. About my business: I have a chiropractic office that runs about $15,000 in sales through my credit card machine. The amount of payments through credit cards is getting higher each year as people co-pays and deductibles are increasing. Part of my concern with reducing credit card processing fees in a medical practice was to stay in compliance with both credit card processing laws as well as insurance company laws. I did a ton of research to find out what I felt was the best option to save me money and to also stay within the law. One of the first things I realized is that there are 2 types of companies that provide a service to reduce your fees. One of them is called credit card surcharging and the other is called a non cash adjustment. Credit Card Su