In many industries changes happen at a steady pace. More recently the merchant services industry has had several big changes. One part is due to law changes. Another part is from technology advancing. Because of these changes businesses will be able to see 3 opportunities for themselves.
First, is that businesses can see more competitive rates. For example, the merchant services company I work with guarantees the lowest rates or they give you $1000. For big businesses, even 1/10th of a percent will mean thousands of dollars in savings that they can use in a variety of ways.
Second, they will see that the transition and the ability to make changes are very easily made. This is done because merchant service businesses are eliminating the middleman. And they are going directly to the card carriers. Small businesses have opportunities to change from one plan to the next easily. Companies love this flexibility as their company develops.
Third, they should begin to see, specialization software based on the industry they are in. Sole-proprietors’ have an opportunity to customize processing software to their needs. Your industry, whether a photographer, graphic designer, online seller, cosmetologist, esthetician etc. will benefit greatly from these changes.
As you can see this information is very game changing for small business owners, sole proprietors, and also big businesses. Keep these in mind as you think about your merchant services. If anything sticks out that you have a question on please reach out to your current carrier or reach out
to my team and we would be happy to answer them.
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