How to lower your card processing fees
Card processing is one of the most confusing bills a business pays, and one of the easiest to overpay. Here is how to lower your fees, and how OptiFlow Watch switches you to a better deal.
The practical ways to cut it
Know your effective rate
Work out your total fees as a percentage of your card takings. That true rate, not the headline, is what to compare.
Switch provider
Rates vary widely and older deals drift high. Moving to a better acquirer often cuts the rate sharply.
Match the plan to your mix
Interchange plus, blended or fixed each suit different businesses. The wrong one costs money.
Cut hidden charges
Terminal rental, authorisation fees, minimum monthly charges and PCI fees all add up. Question every line.
Review your terminals
Old or too many terminals cost in rental. Right sizing the hardware trims the bill.
Check your MCC
The wrong merchant category code can push your rates up. It is worth confirming yours is right.
How OptiFlow Watch does it for you
Card statements are designed to be hard to compare, which is why so many businesses overpay. OptiFlow Watch reads your actual statement, works out your true effective rate, and switches you to a better provider, with a saving guaranteed.
It does the same across your other bills, energy, telecoms, broadband, water and waste, for a flat forty nine ninety nine a month. You keep taking payments, and Watch keeps the cost down.
Common questions
What is an effective rate?
Your total card fees divided by your card turnover, shown as a percentage. It captures every fee, so it is the fairest way to compare providers.
Why are my card fees so high?
Usually an old deal, the wrong pricing plan, and hidden charges like terminal rental and minimum fees. The headline rate hides them.
Can I switch card provider?
Yes, and switching often cuts the rate sharply. Watch checks the market and handles the move for you.
Do I have to change my card machine?
Often not, and where a change helps, Watch manages it. You are not left to sort it out alone.
What does OptiFlow Watch cost?
A flat forty nine ninety nine a month, covering all your business bills, not just card fees.
More on cutting your bills
Stop overpaying on card fees
Let OptiFlow Watch check your statement and switch you to a better rate, with a saving guaranteed.