Escaping High Credit Card Fees: A Guide for Small Businesses

As a small business owner, you work hard for every sale. You’ve invested time and money to deliver a great product or service, and you’ve earned your revenue. So why are you paying so much just to get paid?

For decades, credit cards have been a necessary evil for most businesses. You have to accept them to be competitive, but the processing fees silently eat away at your profit margins. A standard fee of 2.9% plus $0.30 per transaction might seem insignificant on a small purchase, but for B2B companies, service providers, and businesses with high-ticket items, these fees can add up to thousands of dollars a year.

It’s time to stop paying to get paid. There is a simple, cost-effective alternative that allows you to keep 100% of your revenue: CHAX Check-by-Phone.

!Stop Paying to Get Paid: Escape High Credit Card Fees

The Problem: The True Cost of Credit Card Fees

Let’s break down the real-world impact of that seemingly small percentage.

• On a $1,000 invoice, a 2.9% + $0.30 fee costs you $29.30.
• On a $5,000 invoice, that same fee costs you $145.30.
• If your business processes $50,000 a month in credit card payments, you are losing $1,450 every month, or $17,400 every year, to your payment processor.

That is a significant amount of money that could be reinvested in your business, used to hire a new employee, or simply taken home as profit. By accepting credit cards as your primary payment method, you are essentially giving away a portion of your revenue for the simple privilege of being paid.

The Solution: Keep Your Revenue with CHAX Check-by-Phone

CHAX Check-by-Phone offers a direct path to escaping these fees. It is not a payment gateway; it is a software tool that lets you create a physical check on behalf of your customer, using their authorization.

This provides three powerful benefits for any cost-conscious business:

When to Use Check-by-Phone Instead of a Credit Card

CHAX is the perfect tool for any situation where credit card fees are a significant concern:

• High-Ticket Invoices: For any sale over a few hundred dollars, the savings become substantial.
• Business-to-Business (B2B) Transactions: Many businesses prefer to pay from their bank account rather than putting large purchases on a corporate card.
• Recurring Payments: For monthly or quarterly service agreements, the cumulative savings over a year can be enormous.

Stop letting your hard-earned revenue be eroded by unnecessary fees. By strategically using CHAX Check-by-Phone for your larger or recurring transactions, you can take back control of your profits and build a more financially resilient business. Learn more about how CHAX can help you escape high credit card fees.