Latest / Craft Brewery Financial Training Podcast
Your Brewery Is Overpaying for Credit Card Processing
Credit card processing fees can eat away at your brewery's profits, but expert Patrick MacLellan from Merchant Cost Consulting shows how you can save an average of 20% on these costs without changing your current processor or disrupting operations.
Summary
• 3 main fee components: interchange charges from card brands, processor markups, and miscellaneous fees
• Why most businesses are overpaying – processing statements are deliberately confusing and contracts often allow price changes without notice
• How processors typically adjust pricing three times per year, slowly increasing your costs
•…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.