Episode 26

Published on:

14th Aug 2023

The Swypit Show - Episode 26 (Why Do We Have to Pay Credit Card Processing Fees?)

Who likes paying fees?!

On the latest episode of The Swypit Show, Kevin takes a deep dive into the credit card processing fees that business owners are hit with. We'll discuss why they exist, what a high fee looks like, and how you can mitigate them through some savvy strategies.


0:06 - Introduction and overview on the topic of the day

1:20 - The incredible work Tim Ballard is doing

2:40 - Watch "It's Happening Right Here" on Amazon Prime

4:50 - Be careful who you do business with

6:55 - Welcoming Michael goldsmith to the show

8:43 - "Life costs money"

12:30 - Why do we have to pay credit card processing fees?

16:45 - Developers make products to lock you into substantial fees and percentages

19:53 - What does switching to Swypit look like?

23:26 - Getting locked into software like Quickbooks

26:09 - Learn how to read your merchant statements!

30:35 - Your business needs to be taking credit cards for transactions

37:34 - Choose the right pricing structure for your merchant account

41:50 - Avoid equipment leases!

43:48 - At Swypit, "we make the hard easy"

44:15 - Closing remarks

Connect with Kevin Hodes:





Show artwork for The Swypit Show

About the Podcast

The Swypit Show
Join us each episode and see how you can win with Swypit!
Welcome to The Swypit Show, where we take a hands-on approach with our clients AND their businesses. Starring the Founder and Owner of Swypit, Kevin Hodes, our show highlights the credit card processing industry and how you can win by utilizing a proven company, bringing over 20 years of industry experience, like Swypit!

Kevin brings honesty and integrity to what he considers, the "slimy world of credit card processing." A former chef aboard luxury yachts, his craft brought him into contact with business professionals, dignitaries, and politicians, enabling him to develop "street smarts of business super highways."

Swypit offers next generation electronic payment processing solutions, combined with a world-class service, price, and leading edge technology. Each episode, Kevin will share his past experiences and dealings within the industry and showcase why Swypit is YOUR company's best option.

So sit back, relax, and come join us each episode for some fun and facts. Swypit isn't your typical credit card processing company and this isn't your typical credit card processing show!