Reduce Credit Card Fees

Reduce Credit Card Fees

August 2019   minute read

When it comes time to reap the benefits of your success and take customer payments, credit cards make the process easy and quick. While this technology has benefitted many, transaction fees that go along with card payments can diminish the results of your hard work. Customers are paying with cards almost exclusively, and especially for small purchases, which can erode your profits. In fact, card payments in convenience stores have grown from 21% of transactions in 1995 to 72.2% today. Last year, it cost convenience stores $11.1 billion to accept cards, according to NACS State of the Industry data. That’s a lot of money that’s not going back into your business.

The NACS Payment Processing Program (PPP) is designed to reduce these onerous card processing fees for unbranded convenience and fuel retailers. Program participants enjoy reduced fees as a result of processing efficiencies and combining their transactions with NACS members and others in the industry.

To help retailers receive the lowest possible transaction cost in the industry, NACS has partnered with a trusted, high-quality payment processing company, WorldPay. With no hidden fees, percentage rates or complicated statements, the NACS PPP offers members a flat 2.9 cent transaction fee after interchange on all card payments. For most small to midsize retailers, this flat fee may be considerably less than other processing entities.

NACS offers a free review of your monthly payment statements to show you an easy-to-understand comparison of your current charges versus potential savings with NACS PPP. Contact Doug Spencer for a free review today. Discover more information on the program at www.convenience.org/PPP.

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