Many small business owners underestimate the true financial impact of processing fees. A small 2.5% fee per transaction might not seem like much, but over time it adds up to thousands of dollars in lost revenue. This article highlights just how damaging these fees can be to your bottom line — and offers a modern solution to regain control over your profits.
Key takeaways include:
-
Breakdown of how $11,500 in weekly transactions equals nearly $15,000 in annual fees
-
Real-world examples of tool truck businesses losing thousands
-
Why small fees are more damaging to businesses with limited control over pricing
-
A side-by-side comparison of surcharging vs traditional processing
-
Tools and technology that can help you regain lost revenue