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Any Philadelphia-based business knows that customers demand convenient payment options. However, giving them what they want doesn’t necessarily make financial sense when credit card processing fees quickly add up. Whether it’s the subscription services, statement fees, online access fees, or other charges, your business winds up paying the price for offering customers the ability to pay with a card.
There was a time when you could easily get away with running a cash-only business, but with each passing year it gets harder and harder for Philadelphia merchants to avoid processing credit cards. With that, it also means more and more of your bottom line is going to credit card processing fees. Whether it’s annual fees issued simply for being a client, or maintenance fees on your credit card processing terminals, you can be sure that offering customers the ability to pay with a card will translate into less money for you each year.