Is your restaurant losing money on credit card transaction downgrades? (2/2)

period. Not only does it deposit funds in your restaurant bank account more quickly, but it also ensures the best possible credit card rate. However, some small restaurants don’t batch out every night and are probably paying more than they need to on each sales transaction. Remember, in order to receive the best rate from Visa and MasterCard, your batch must be transmitted within two days. Failure to transmit your batch within this timeframe could add additional costs to each transaction in the batch. Specifically, a swiped and read $100 credit card transaction will cost 60 cents more on Visa and 39 cents more on MasterCard*. There are other ways to save on your credit card transaction costs. To find out all of the ways that you can save on your credit card transaction costs, contact your card processor or a local Heartland representative. * Based on April 2004 Visa and MasterCard interchange tables. Piyu Robinson is a Relationship Manager at Heartland Payment Systems And can be reached via email: piyu.robinson@e-hps.com or by phone: 480/235-0717