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Then you should do marketresearch to figure out what other businesses are charging and what customers are willing to pay. These are the fees your business pays to process non-cash payments and they can add up fast. One way is by negotiating with the companies that process the payments.
It is also known as markup-pricing, and unlike software development where you develop one product and resell the same product to multiple customers, it’s practically only applicable to physical products that require you to invest capital to produce each product unit. How do you want to position your brand in the market?
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