In today's episode, we dive into a hot topic that frustrates many business owners: payment processing fees. Whether you use Stripe, Square, PayPal, or another service, those pesky 3% charges can feel like a thorn in your side. But what if we told you there’s a smarter way to look at it? We’ll explore why these fees are actually an investment in your business, how embracing them can boost your sales, and why shifting your mindset can make all the difference. Stick around as we unpack practical strategies and insights to help you minimize these fees and maximize your profits.
What you'll hear in this episode:
05:27 Encouraging credit card use for online businesses.
07:27 Payment processing fees are part of business costs.
If you like this episode, check out:
Is Productivity the Same as Profitability?
Building a Business with Exit Strategy in Mind
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.