27.08.2025
When it comes to running a business, it is already hard to do without the added pressure of surprise costs. Payment providers are seen as a two-edged sword to most retailers, restaurants and service providers through advantages of convenience on one side and other side of costs tethered somewhere. Statement fees and PCI costs to surcharges that were not stated beforehand eat into profits slowly.
It is not unusual to hear of a business-owner entering into a contract with a provider that advertises good rates at first, only to be discovering the rate of his bills ever-swelling month after month. Some providers will hide fees in the small print, others will provide fees as industry standard fees that are necessary. The result? There is a needlessness of transparency and a business owner who is puzzled over the downward margin pressure though sales are good.
The reality is that, concealment charges may be more harmful compared with high tariffs. With increased transaction fees at least costs are obvious and can be seen and known. But the financial pressure becomes less predictable when you are fork over OEM support, PCI, hardware insurance, compliance costs and other add-ons you never signed up to pay. This does not only affect profitability but also the potential to carry out growth planning.
What must business owners seek to ensure? The most important factor is exposed. A trusted supplier must ensure that all pricing is made transparently upfront and not to charge on necessities that naturally fall part and parcel of the service. The customers must insist on simple pricing, which allow them not to pay extra costs to invoke the PCI or the compliances but these ought to be the default.
This is where IPOSG Payments comes in the picture. We also think honest pricing with no hidden charges, Free PCI, lifetime hardware warranty, next-day terminal replacement, and rates as low as 0.29% per transaction. Having EPOS, payments all in one platform, we guarantee companies can expand with confidence.
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