21 Apr Discover How to Optimize Your Credit Card Processing Fees
Small business owners often overlook the significant costs associated with credit card processing fees. Many don’t even know how much they are paying, which can easily eat into their profits. In a recent episode of The Jeff Crilley Show, Brennon Dunbar of OpTPay Partners shares valuable insights on how businesses can reduce these costs and save money.
The Hidden Costs of Credit Card Processing
Many small businesses do not realize how much they are spending on credit card processing fees, which can range from 3% to 5% of their overall transactions. This is particularly significant for e-commerce businesses, where online purchases constitute their entire revenue. Brennon notes that these fees can quickly accumulate and necessitate a closer examination of credit card processing arrangements.
By analyzing processing statements, businesses can potentially uncover hidden savings. Most business owners feel overwhelmed by managing daily operations and lack the time to investigate how they could optimize their transactions effectively.
How OpTPay Partners Can Help
OpTPay Partners, led by Brennon, operates as a consulting service rather than a credit card processing company. This means they focus on analyzing your current processing fees and connecting you with processors who offer better rates. They provide a complimentary analysis of your current payments situation and suggest alternatives that could save you significant amounts, sometimes up to 30% or more.
One of the key philosophies of OpTPay Partners is that they do not charge businesses for their services unless a new payment solution is implemented. If a business chooses not to switch after the analysis, they owe nothing, making it a low-risk opportunity for saving money.
Real Results for Real Businesses
Brennon shared an anecdote from his experience where he helped a client save over $100,000 in processing fees. This example highlights how substantial savings can be achieved when businesses take proactive steps to analyze and renegotiate their payment processing terms. By taking a few minutes to upload their processing data, business owners can place their trust in OpTPay to secure better rates and terms.
A Commitment to Giving Back
Beyond just helping businesses save on fees, OpTPay Partners integrates philanthropy into their operations. They donate 10% of their revenue to various charitable efforts, including causes like human trafficking awareness. Brennon emphasizes that this commitment to social responsibility is woven into the fabric of the company.
This focus on giving back not only enriches the community but also allows clients to feel good about the impact of their business decisions.
Simple Steps for Business Owners
For small business owners who are overwhelmed with responsibilities, Brennon encourages them to take small steps towards optimizing their credit card fees. By visiting the OpTPay website, they can access a savings calculator to get an estimate of potential savings and begin the process easily. The entire operation is designed to be seamless and user-friendly, allowing business owners to focus on what they do best.
Overall, working with OpTPay Partners can transform how businesses handle their credit card processing, potentially leading to significant savings while contributing to philanthropic efforts.
For more information or to start your savings journey, visit OpTPay Partners.