Every business owner that wants to keep from being blown away by the competition is well aware that not having a credit card processing terminal is equal to going to the woods and throwing your money away into a bum fire. However, what most business owners do not understand is that their current terminal could be doing the Microsoft Dynamics 365 Finance and Operations Credit Card Processing same thing; losing them hundreds, even thousands of dollars every month.
Programming your credit card processing terminal to do a few simple tricks can make a world of difference, and lead to mountains of new revenue flowing into your business. It can also keep you from losing money every month due to unnecessary fees and charges.
Auto-batching
Programming your credit card processing terminal to auto batch is a must because it will drastically cut the percentage of every dollar taken by the processing company. Every time a transaction is swiped through your terminal you are charged a set fee; however, what most business owners do not know is that every day you go without batching out that transaction you automatically attain extra charges and fees associated with that transaction. Those extra fees and charges can literally take your original discount rate of 1.79% up to 3% or 4%. This might seem like a slim difference initially, but when you apply those differences to thousands of dollars over thousands of transactions it equates to thousands of dollars lost.
This problem is simple and can easily be fixed. All you have to do is reprogram your credit card processing terminal to auto-batch at the end of every work day. The only reason a business would not be able to auto batch is if it takes tips via credit card. Fortunately those businesses can still keep from losing money ever month by getting the last employee of the day to stop by the credit card processing terminal and batch out all the transactions before leaving for the night. Making this one change to your business will lead to a notable difference in your next processing statement.\
Programming your credit card processing terminal to do a few simple tricks can make a world of difference, and lead to mountains of new revenue flowing into your business. It can also keep you from losing money every month due to unnecessary fees and charges.
Auto-batching
Programming your credit card processing terminal to auto batch is a must because it will drastically cut the percentage of every dollar taken by the processing company. Every time a transaction is swiped through your terminal you are charged a set fee; however, what most business owners do not know is that every day you go without batching out that transaction you automatically attain extra charges and fees associated with that transaction. Those extra fees and charges can literally take your original discount rate of 1.79% up to 3% or 4%. This might seem like a slim difference initially, but when you apply those differences to thousands of dollars over thousands of transactions it equates to thousands of dollars lost.
This problem is simple and can easily be fixed. All you have to do is reprogram your credit card processing terminal to auto-batch at the end of every work day. The only reason a business would not be able to auto batch is if it takes tips via credit card. Fortunately those businesses can still keep from losing money ever month by getting the last employee of the day to stop by the credit card processing terminal and batch out all the transactions before leaving for the night. Making this one change to your business will lead to a notable difference in your next processing statement.\
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