Merchant Processing AKA The Alligator Pit

In any Small Business you have Hard Dollar vs Soft Dollar Costs to incur. One (Soft) is much more malleable as (Hard) is mostly fixed expenses such as Lease Payments, Insurances, Payroll etc. Merchant Processing is for the most part in the (Hard) category and can be frustrating as it deals with the LIFEBLOOD of any Small Business which is your CASH FLOW. Between Credit & Debit Card useage for purchasing, this function now encompasses about 95% of all sales transactions globally and the days of CASH being a matter of choice are limited at best as everything in financial services is moving towards Fin-Tech or commonly known as Digitalization While paper statements is still a means of communication between you and your selected Merchant Processing firm, the readability of these documents at times requires a BS in Economics. On the show today I will be interviewing the CEO of On Fire Processing, the Anchor sponsor of BizZne$$ BuzZ. Together we will jump into this Alligator Pit.