It costs HOW much?! Exploring the Cost of Accepting Payments
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This webinar will review the strategies and tactics merchants can use to manage their overall cost of payment acceptance. The discussion will provide insight into how the accelerating shift from card present to card not present transactions may introduce new costs and increase overall payment costs. We will also discuss techniques for lowering interchange and other network costs as well as implementing a routing strategy to minimize overall cost.
Participants will gain an understanding of key components of the total cost of payment acceptance.
Describe key cost changes in migrating from in-store payment processing to digital payments.
Review tactics for lowering cost of acceptance (debit routing, interchange optimization, contract management).