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Top >  Business >  2006 >  April >  2006-04-02

Find Low Credit Card Rates


Credit Card Rates have skyrocketed in the US over the past few months. Whether you are operating a business or just using a credit card for personal reasons, finding the best card is necessary in order to help save you money. Credit card companies are in the business to make money off of your interest. When you choose a credit card that has low interest rates that stay low, you are sure to save tons of money for your business or personal finances. An independent consultant has created a new web site offering businesses a free analysis to determine if their credit card processing fees are too high.

?There are a variety of different credit card processing fees, and trying to figure them out is a difficult task for an untrained person,? explained Chris Enders, an independent merchant account consultant. ?The merchant account companies purposely make their statements and fees difficult to understand, and that makes it hard for the average person to figure out if they can save money with a different company.? Enders explained that any company can fax three months of credit card processing statements for a free analysis.

?Before you fax your statements you can block out any information you wish. I only need the dollar figures. It?s that simple. Once I complete my research I provide a free report detailing exactly how much money is being wasted each month because of high fees,? said Enders. Companies that accept a credit card for payments must have a credit card processor, or merchant account to complete the transaction. Money is transfered from the customer?s credit card or debit card and into the company?s bank account. This transfer is completed by the credit card processing company for a number of different fees.

                                 

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