How Do Credit Card Processors Make Profit Off of You?

How Do Credit Card Processors Make Profit Off of You?

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.
tire dealer processing video
Craig Roll, Managing Partner of Tire Dealer Processing, shows how the credit card processors get your money, how much they get, and what you can do about it in the company’s new video.

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

You May Also Like

PRT launches 28 new complete struts in North America

These products expand coverage to nearly 6 million vehicles.

PRT-28-new-struts-1400

PRT has released 28 new complete struts in North America, representing nearly 6 million vehicles in new coverage. PRT said the new applications of the component are designed for light vehicles, SUVs and pickup trucks. The new products include models such as the Hyundai Elantra GT, Mercedes CLA 250, Subaru Outback and Toyota Tacoma, as well as new applications such as the 2022 Honda Ridgeline.

Doran releases 360OTR tire monitoring system

The system can be integrated with telematics devices to provide off-vehicle communications of tire pressure and temperature data.

Doran-4-tire-monitoring-system
Akebono names new regional sales manager

Erick Kinnunen joins Akebono with more than 40 years of experience in aftermarket sales, training and management.

Akebono-regional-sales-manager
TEXA runs car diagnostic tool promotion

The promotion is active through Aug. 31.

TEXA-promotion
ATD opens regional distribution center in McDonough, Georgia

The new facility will support 22 distribution centers across Georgia, Florida, Alabama, Louisiana, Mississippi and Tennessee.

ATD-Georgia-Facility-Outside
Other Posts
GRI expands footprint in South America

GRI said its goal is not just to sell specialty tires, but to contribute to the region’s growth through its focus on sustainability.

GRI-team-South-America
Aperia’s Halo Tire Inflator accrues over 100 billion miles

The company said its Halo Tire Inflator has saved over 716,000 metric tons of CO2.

Aperia-Halo-Tire-Inflator
Electronic Specialties releases Pro Auto Test Lead Kit

The kit includes a full range of accessory test leads designed for automotive, heavy-duty and marine electrical troubleshooting

Electronic-Specialties-Test-Lead-Kit
Nokian Tyres produces first tire in new Romanian factory

The annual capacity of the Nokian Tyres Romania factory will be 6 million tires once the factory is fully operational.

Nokian-Tyres-Romania-factory