Credit Card Processing Fees are Killing Me

I own a business in Detroit, Michigan and I started doing my corporate taxes for the year.  I can’t afford an accountant to do it for me the right way so I have to do it myself.  As I was crunching my numbers I was amazed to see that the Michigan Credit Card Processing company that I was dealing with was charging me fees that were insane.  I was being charged 3.5 % per transaction and $25 a month in fees just to have the account open.  When I signed up for this account four years ago there were no fees and I was paying 1.75%.  I know it might not sound like a lot but it adds up quickly.  Its added up to over $3200 so far and that is the difference between this year and last.  I will be calling them to try to dispute these unnecessary charges.  If anybody know of any Credit Card Processing Companies please let me know.

This entry was posted on Sunday, September 28th, 2008 at 8:51 pm and is filed under investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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