Grab your FREE copy of the 60 Low & No Cost PR & Marketing Strategies eBook*



*By submitting your email, you will receive the eBook & also sign-up for Carol’s newsletter
Business Unplugged™
This blog features Carol Roth's tough love on business and entrepreneurship, as well as insights from Carol's community of contributors.

Paying Processing Fees? That Can Be Good News.

Written By: Catherine Morgan | Comments Off on Paying Processing Fees? That Can Be Good News.

up and awayIn Carol’s latest post on MasterCard Biz she talks about something that many small business owners complain about – processing fees. She shares a few compelling case studies about why these fees aren’t so bad, and can actually be the good news. Carol begins:

It seems like small business owners are willing to spend money on all sorts of business expenses, from the critical to the frivolous. There’s one expenditure, however, that gets pushback, but is an important business investment: merchant processing fees.

These fees are a small percentages of the total sale of a product or service that compensate payment processors for a valuable service: enabling you to get paid quickly and keeping the cash to your business flowing. I always advocate practicing “cash flow yoga” – taking money in quickly and letting it out very slowly, because consistent cash flow is critical for your business success. Using a merchant processor helps you to do that.

You might want to read the rest of Why Merchant Processing Fees Are a Good Investment.

Article written by
Catherine Morgan is the founder of Point A to Point B Transitions Inc., a virtual provider of coaching services to individuals who are in business or career transition. She specializes in helping entrepreneurs transition to corporate jobs they love. Catherine is the author of the eBook Re-Launch You: Discovering Your Point B and Embracing Possibility. An experienced independent consultant who was employed by three of the former Big Five consulting firms, Catherine speaks frequently on topics related to career transition, small business, productivity, and mental health. She doesn’t take herself seriously, but takes her subject matter very seriously.