Industry News

How Flooring Dealers Can Lower Credit Card Fees

Discover tips from QFloors CEO Chad Ogden on how flooring business owners can reduce costly credit card processing fees and improve profit margins.

  • "Typically, the flooring dealer has no idea that it just cost him a lot of money simply because the sales rep didn’t type in a customer’s ZIP code,"
  • "[Using] the cost-plus rate will always come out less than the flat rate because you don’t have to guess what you’re going to get charged…you’re getting charged what you’re using."
  • "There is a lack of transparency both with credit card processing rates and with statements…[Credit card] companies commonly (and purposely) make their statements confusing and ambiguous in order to hide junk fees and what the true rates are."

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