What is one of the primary factors that could lower the cost of a payment?

One of the primary factors that could lower the cost of a payment is high payment volume benefiting from discounts. When businesses process a large number of transactions, they often have the leverage to negotiate better rates with payment processors or financial institutions. This is because higher volumes can lead to economies of scale, reducing per-transaction costs. Payment service providers frequently offer tiered pricing structures where discounts are applied as transaction volumes exceed certain thresholds. This financial incentive encourages businesses to increase their transaction frequency, ultimately leading to a lower cost per payment made.

Other approaches, such as using cash instead of credit or delaying payments, do not inherently provide the same scalable cost benefits associated with negotiating rates based on volume. Processing through multiple banks may introduce complexities and fees that could negate any savings derived from volume.