Some tips for lowering the online credit card payment fee

Nowadays, online credit card payment is more and more developed, everyone living in the US uses them. This post, we will introduce some characteristics of this credit card and some tips for you.

Online credit card payment
Some tips for lowering the online credit card payment fee

In the previous post, Info Credit Free introduces people to some of the necessary information that is useful for getting the best credit card offers in the US, to get more information people can read the article Ten best credit card offers in the US that people should know. Now, let find knowledge about the online credit card payment in the post today.


Just like a lot of article posts such as instant approval credit cards, low-interest credit cards, pre-approved credit cards, best credit card offers…, this post about online credit card payment also includes some main parts. They are:

1. Some fees of the online credit card payment

1.1. Fees may be flexible

Before you register with the processor, you can negotiate with your representative. You want to be exempt from the fee and be exempted from or modifying the contract before signing the contract because there is no possibility that the processor will be ready to renegotiate your terms after the contract is signed.

Some companies are willing to offer early termination and PCI compliance fees. Some are also willing to give up or reduce the monthly minimum. If your company is interested in calculating setup fees or annual fees, your representative may be willing to waive these fees; Best credit card processing companies usually do not charge them.

1.2. Monthly fee

Most processors charge a monthly service fee, which can also be called a statement or customer service fee. In addition to paying for statement and customer support services, this fee also usually includes account maintenance.

The payment warehouse is unique in that it offers you a discount if you pay this fee in the form of an annual amount instead of monthly. Some processors, like Square, Amazon Payments, Moolah, and PayJeft, don’t charge this.

1.3. Monthly Minimum

About half of the processors we have rated expect you to meet the monthly minimum. In most cases, the processor expects you to generate this dollar amount in the transaction fee each month.

In rare cases, this fee is used simply to ensure that you keep your account active and the entire amount of the transaction is applied to it, but most of the time, to ensure you handle enough transactions every month for the processor to consider your account profitable.

Among the minimum required monthly processors, goEmerchant has our lowest rating at $ 15 per month and requires the highest at $ 50 per month; however, most require $ 25. If you do not create enough fees to meet the minimum monthly requirement, you are required to pay the difference between the generated fee and the minimum.

1.4. Monthly Gateway Fee

A payment gateway is necessary if you intend to accept credit cards. Small business owners have an online store that needs a port because it encrypts and securely transmits credit card data from your website to the processor.

About half of the processors we’ve reviewed charge monthly for this service and an average of $ 10. A quarter of the other processors we’ve reviewed include payment gateway as part of their monthly fee. Some processors also charge extra for each transaction.

2. Some tips for lowering the online credit card payment fee

There are a number of steps you can take to reduce the cost of processing online or to make sure you get the best price possible.

2.1. Review Your Statement Every Month

This is a good habit for you to identify any changes on your accounts, such as any new fees or increases. This is very important for monitoring because most contracts do not include price guarantees.

You also want to see any notifications about your account, such as PCI compliance reminders that help you stay compliant with PCI, so you can avoid expensive non-compliance fees. If there is a new charge or price increase, you can call your representative to discuss your account.

2.2. Ask Your Rep to Review Your Pricing

If you are ready for a while, you may be eligible to review the price and qualify for a lower price, especially if your processing volume has increased since you signed up. If your processor provides additional pricing models, it may be worth asking your processor if another pricing model will be more cost-effective for your business.

Before converting, ask your representative if there are any new fees or requests that come with the new pricing package. Industry experts recommend exchange prices plus a transparent, most affordable pricing model.

2.3. Shop Around & Renegotiate Your Rates

There are a few more annoying things to discover that you’ve paid too much; For this reason, it is important to purchase every year or two to ensure that the price you pay is still competitive. If another processor offers a better price, do not hesitate to call your representative and ask him or her to review your price or renegotiate your price.

Some tips for lowering the online credit card payment fee

2. Ten benefits of the online credit card payment

2.1. Instant Payment

One of the great advantages of online bill payment is quick and hassle-free payment. One can easily make payment sitting comfortably at home or office. The portal to accept online payments provides instant notifications about transactions that keep customers assured of purchased items.

2.2. Quick & Easy Setup

Setting up an option to receive online payments is easy and quick to start selling after making. Moreover, there are many existing service providers that offer affordable packages with zero setup fees and very low transaction rates.

2.3. Credibility for Merchants

An online invoicing software with features to receive online payments will be safer and more reliable for merchants than receiving payments via check. A merchant immediately receives money without the risk of being returned a check and the fees associated with it.

2.4. Merchant Reliability

Today’s customers often consider more reliable traders accepting online payments through their websites. It encourages them to do business with merchants. At the same time, online bill payments give consumers their money-guaranteed fraud protection if they don’t receive products purchased online through a website.

2.5. Recurring Payments

If you are providing some subscription-based services that your users/customers need to pay after a certain period of time, the option to receive online payments may be more suitable for you. Instead of sending them a reminder every time and requesting a check for payment, you can automatically collect payment after the end of the registration period.

2.6. Credit Card Payments

Customers can use their credit card to pay, even though they do not have money in their bank account. More importantly, you can divide your payment into multiple installments, if you are selling expensive items. And people can use credit cards to pay you in installments.

2.7. Affiliate Marketing

If you have an online bill payment system, you can create an affiliate program where your affiliates can earn referral commissions by sending buyers to you. This will boost your sales and may find an active, affiliate network to increase your revenue.

2.8. Getting a competitive edge:

For a merchant, an option to receive online payments can improve your reputation, allowing it to gain customer trust. Moreover, when others have an online payment system, you cannot afford to request payment via

2.9. Influences buyers

Online bill payment methods can affect customers who buy items listed on the website. Because transactions are quick and easy, and people can pay via credit card, buyers are more likely to take transactions, if there is an online payment system.

2.10. Last minute deals

Many times, traders throw cost-saving transactions to attract customers. If you can receive payments online on your website, customers can get a transaction even at the last minute. This will increase sales.

This post is about online credit card payment. We provide this information to offer you some of the necessary information that is useful for getting the online credit card payment. Also if you are looking for information about the credit card consolidation, please refer to Three best option for the credit card consolidation you can choose link we just provided in the previous article. 

Hillary (Team Content) – Info Credit Free