How can I negotiate transaction fees with payment processors?
An example of an AI chatbot conversation about negotiating transaction fees with payment processors.
How can I negotiate transaction fees with payment processors?
To negotiate transaction fees, start by researching industry standards and gathering data on your transaction volume.
What specific data should I present to them?
Present your transaction history, average monthly sales, and any competitor rates to strengthen your case.
Is it better to negotiate in person or over the phone?
Negotiating in person can be more effective as it allows for building rapport, but phone negotiations can also work well.
What if they refuse to lower the fees?
If they refuse, consider exploring other processors or leveraging offers from competitors to encourage better terms.
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