Generally, the cheapest way of processing cards is to obtain merchant status. Unfortunately, the first time that you obtain an account the rates are generally very high. To compound this, even if your business grows substantially, no-one will ever contact you from the bank to review your rates. The solution is to put a reminder in your diary to have a conversation with the bank. Before this, try to find out from a few other businesses what they are paying. Things will go much better if they are along the lines of "my friend in the same business pays x%, while I’m paying y%. Please match this rate or I will be forced to move.” One company that we were advising made a £60,000 saving per annum from a single phone call.
Download the full version of the free ebook for Selling Successfully Online which includes over 300 top tips.