If you’re someone who owns your own business, then you already know how convenient it is to have it set up to where you can accept credit card payments. In fact, the only real challenge that comes with that system is the processing fees. And while sometimes they can become a bit burdensome, the good news is that there are proven things that you can do that will actually help to reduce your credit card processing costs.

If you’re interested in knowing what some of those things are, please keep reading:

Swipe cards more often. Something that you might not be aware of is the fact that credit card transactions are typically broken down into three different kinds of tiers. There is one fee for when a credit card number is manually entered with no address verification code. Then there is a different fee for when a number is manually entered with an address verification code. There is also a fee for when a card is simply swiped. Out of all of those options, cards that are swiped are charged the least amount of money. So, definitely have your customers swipe their card through your machine more often.

Don’t use a wireless credit card terminal. Although wireless credit card terminals are compact and convenient, being that you have to buy the hardware, pay a wireless fee and (usually) also sign a contract, in most cases, they end up being a lot more financial trouble than they are actually worth. So, unless you have a lot of business on a daily basis, consider some alternatives. Either use your laptop (just make sure it has an internet connection) or even download a mobile credit card processing app. To read about some of the best credit card processing apps on the market, go to Business Bee and put “best credit card process apps” in the search field.

Check the statements. It’s not uncommon to get your first few statements about your credit card processing fees and discover that they are really hard to understand. But if you don’t make the time to figure them out, you might discover that for months, you’ve been paying additional fees for things that you don’t actually need. That’s why it’s always a good idea to reach out to your account merchant provider. They are there to address any questions, comments or concerns that you might have.

Change providers. As with most services today, there is more than once merchant provider that you can choose from. That’s why, when it comes to processing fees that come from credit cards, if you don’t like how much money you’re spending each month, you might want to go with a different company or switch over your plan.

Work hard at expanding your business. When you have a business and accepting credit cards is one of your forms of payment, in order to keep your fees down, it’s important that you bring in as much business as possible. Here’s why: merchant providers want your business; however, they are more inclined to give better rate plans to people who earn more money. The more customers you have, the more money you’ll make and the quicker your processing fees will end up getting reduced. It’s definitely a win/win all the way around.

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