The Liquid Lunch Project Unpacking Credit Card Fees: Secrets Every Business Owner Should Know
Credit card fees seem to multiply like rabbits, don’t they? Well, strap in because this week’s episode will lift the curtain on the complex world of credit card processing!
Matthew R. Meehan and Luigi Rosabianca dive deep into the labyrinthine world of credit card processing with Jeff Maine, founder and president of PayProudly. Jeff unpacks the intricate details of credit card fees, sheds light on industry secrets, and shares invaluable advice for small business owners looking to navigate this convoluted terrain. From understanding interchange categories to the future of payment systems, this episode is a treasure trove of insights.
Episode Highlights:
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Breaking down the 3-4% credit card fee components.
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The role of interchange categories and how they affect different businesses.
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How effective rate impacts small businesses.
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The importance of transparency in credit card processing.
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Different types of platforms and options available for businesses.
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The future of credit card payments and emerging technologies.
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Real-life examples of risk management in credit card processing.
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How businesses can qualify for lower interchange rates.
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The evolution and future of credit cards, including biometrics and contactless payments.
Who is Jeff?
Jeff Maine is the founder and president of PayProudly, a company dedicated to bringing transparency and fairness to the credit card processing industry. With years of experience and a passion for helping businesses save on transaction fees, Jeff is an expert in demystifying the often confusing world of credit card payments.
Why Listen?
Ready to unravel the mysteries behind your credit card fees? Tune in now to learn from Jeff Maine and discover how to make credit card processing work for your business. Don’t miss out on these industry secrets that could save you money and headaches!
Favorite Quote:
“People live on credit. That's how they operate. I don't see that changing.”
Connect with Jeff:
https://www.linkedin.com/in/jeff-maine-58203b6/ https://www.facebook.com/PayProudly www.payproudly.com jmaine@payproudly.com
Stay Connected:
Connect with Matt and Luigi on Instagram:
@matthew.r.meehan
@luigi_rosabianca
@theLiquidLunchProject
@ShieldAdvisoryGroup
Visit The Liquid Lunch Project website and subscribe to The Weekly, our Friday morning newsletter, for all the latest in the world of finance, tech, small business, and more.
www.theliquidlunchproject.com
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