Tire Dealer Processing, a credit card processing company that specializes in tire dealers, has released a new video that explains how credit card processing companies make money off of what you sell and how you can save money in the process.
Credit card processors and merchant service providers are the necessary entity between a tire dealer and the card providers (Visa, MasterCard, Discover, and AMEX). The cost of providing customers with the convenience of using a card can be as much as 3%-4%, according to Tire Dealer Processing. With the average net profit for tire dealers running around 2%-3%, a reduction in credit card swipe fees could help in raising their bottom line.
In the video, Craig Roll, managing partner of Tire Dealer Processing, shows how credit card processors get your money, how much they get and what you can do about it. The video is on their website and can be viewed here.
Tire Dealer Processing, a division of IntraFirst Corp, specializes in providing credit card processing and merchant services to tire dealers. The company has a ten cents per transaction pricing program that provides tire dealers with a zero percent markup over interchange/wholesale pricing. For more information about the company and more videos, go to tiredealerprocessing.com
