Best Credit Card Processing for Auto Repair

Best Credit Card Processing for Auto Repair

If you run an auto repair business, we’re willing to bet that payment processing fees are a significant expense in your company. 

Auto expenses tend to run quite high (they average about $652 per year), which means that if your payment processor takes a cut out of your sales, the fees that you’re paying on those transactions run pretty high as well. 

For this reason, it’s important to align yourself with a merchant services provider that lets you accept credit card payments without cutting too much into your profits. 

This is where membership-based payment processors (like Payment Depot) come in. Unlike traditional providers, which make money by adding a markup to interchange fees (i.e., the costs set by card networks like Visa and Mastercard), membership-based processors give merchants access to wholesale rates. 

As we previously explained: 

A membership subscription model requires a flat regular fee (typically monthly or annually) for an unlimited number of transactions. This is an attractive option because payment processing fees are predictable and unchanging, and the merchant services provider won’t take a cut from your profit.

Why Payment Depot works well for auto repair businesses

Payment Depot provides the best credit card processing for auto repair merchants because we offer wholesale rates. We don’t take a cut out of your sales, which means and you pay a flat fee regardless of the transaction amount. This is great news because auto costs run higher than average. 

Getting wholesale interchange rates saves most merchants $400 or more per month on processing, which they can then reinvest back to the business.

Saving thousands on payment processing costs

One example of a merchant that’s seen tremendous savings is is Brett Woods of JeepSwag.com, who saved $1,200 when he switched to a better payment processor.

“I always suspected that I was overpaying a bit on credit card processing,” said. So, he connected with Payment Depot, a membership-based payments processor to see if he could lower his costs. 

“It was really neat to see that they [Payment Depot] could compare my old statements, and really show me upfront how much money I was going to save by switching,” Brett added. Being a small business, I try to make every dollar count. And The $1,200 I save with Payment Depot, I can put into marketing and help grow the business and turn that into more profit.

Here’s another example. 

We recently had a merchant from the auto repair industry call us to say how excited he was about his statement. Pictured below, you’ll notice he sold almost $75,000 worth and only paid $1,200 for credit card processing with Payment Depot. He truly is getting the wholesale cost to process!

All in, this merchant is paying just 1.6%! 

(Want to know how much you’re paying, all in? Divide the fees you paid by the amount you made and then move the decimal place two spaces to the right.  1,200 / 74,000= 0.016 = 1.6%)

At Payment Depot, we’re able to provide the lowest wholesale cost to our members which helps them save a lot of money (compared to other credit card processing companies) and also allows them to put those savings right back into growing their businesses. 

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FAQs about Credit Card Processing

Q: Why is it important to align with a merchant services provider for an auto repair business?

It’s important to align with a merchant service provider as they allow you to accept credit card payments without impacting your profits significantly. Typically, auto expenses are high, and if your payment processor takes a considerable cut from your sales, the transaction fees can also be quite high. Hence, a good merchant service provider can save you from these high costs.

Q: What are membership-based payment processors, and how do they work?

Membership-based payment processors, like Payment Depot, differ from traditional providers. Instead of adding a markup to interchange fees (the costs set by card networks like Visa and Mastercard), they provide merchants with access to wholesale rates. They operate on a membership subscription model that involves a flat regular fee for an unlimited number of transactions, making payment processing fees predictable and unchanging.

Q: Why is Payment Depot suitable for auto repair businesses?

Payment Depot is ideal for auto repair businesses as they offer wholesale rates for credit card processing. This means, unlike other processors, Payment Depot doesn’t take a cut from your sales, and you pay a flat fee, regardless of the transaction amount. This is beneficial as auto costs generally run higher than average.

Q: How does switching to a better payment processor benefit merchants?

Switching to a better payment processor, like Payment Depot, can result in significant cost savings, as witnessed by Brett Woods of JeepSwag.com who saved $1,200. These savings can then be reinvested back into the business.

Q: How can one calculate the percentage of fees they are paying for credit card processing?

The total fees paid can be calculated by dividing the processing fees by the total amount made, and then moving the decimal place two spaces to the right. For example, if you paid $1,200 in fees for sales worth $74,000, the calculation would be 1,200 / 74,000 = 0.016, which equals 1.6%.

Q: How does Payment Depot help businesses grow?

Payment Depot offers the lowest wholesale costs to its members, enabling them to save money when compared with other credit card processing companies. These savings can then be reinvested back into the growth of the businesses.


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