Credit card processing fees are an undeniable reality -- but that doesn't mean you should have to suffer high rates. The U.S. Small Business Administration points out that it's crucial for small businesses to find a merchant processor who can get them the low rates they need to be successful and build creditworthiness. And for big businesses, it's just as important. The more swipes you have, the more money is being swiped away.
If you want to run a successful small to medium size business, you have to make sure that you can accommodate all of your customers. In the 2013 Federal Reserve Payment Study, it was found that the number of debit card payments increased more than any other payment method during the 2009 to 2012 period. More customers are using credit and debit cards for their purchases than ever before. Therefore, it is vital to the success of your business to start accepting credit cards for payment with a credit card reader.