Want to save on transaction processing fees? Find out why transaction processing cost reduction works even in times of economic recession on UniPayGateway.com

1. Time for Transaction
Processing Cost Reduction
How transaction processing cost reduction can
help offset the negative effect of potential
economic recession
2020

2. Time for Transaction Processing
Cost Reduction
1. Reduce transaction processing costs.
One of the ways to get better processing deals is
unification of all processing operations under one
processing/gateway platform and, as a result,
consolidation of transaction processing volumes.
Based on consolidated processing volume, a company
has better chances of negotiating lower rates from
the acquirer/processor.
In addition to finding an optimal processing deal,
company management should carefully check,
whether any of indirect and opportunity costs can be
reduced or avoided.
3 steps towardstransactionprocessing cost reduction

3. 2. Automate the process.
For example, if you manage to automate merchant on-boarding process,
you can save on the wages of people who performed the respective
manual work. The respective personnel can be re-directed to other tasks.
Other operations worth automating include reconciliation, settlement,
reporting, accounting, and, potentially, management of chargebacks and
refunds
Time for Transaction Processing
Cost Reduction
3. Become more transparent
If your system is more resilient, stable,
transparent, and user-friendly in the eyes of
merchants, you can reduce the number of tech
support calls. As a result, the total cost of
servicing of customers through call centre (and
of tech personnel work) will decrease.

4. For more information on why transaction processing cost reduction
works even in times of economic recession visit UniPayGateway
website.
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