Restructure Credit Card Fees
Restructuring Credit Card Fees
It’s a useful exercise to restructure credit card fees that a business will pay with their current processing company. It can be very difficult to audit credit card fees without having knowledge about the credit card processing industry.
One of the big problems we see in the credit card processing industry is when the credit card processing companies set up dishonest pricing. Sales representatives will set a business up on a pricing structure that is beneficial for profit instead of helpful to the business.
If a business is set up on the incorrect pricing structure, the fees that are paid can be substantial. Businesses that are set up on the correct pricing structure are typically always paying less than 2.5%.
The Difference Between Doing It Yourself, and Letting MCC Do It
There are a lot of different types of credit card processing pricing structures. There are also different levels of processing that can make transactions more or less expensive. The credit card processing companies will not tell businesses about these savings tactics because there are no benefits to them.
Typically, there are two ways to save on credit card processing fees. The first way, switching processing companies, is typically a large headache that does not end up in the savings that is expected. The other way to save on credit card processing fees is businesses try to restructure credit card fees.
Business that audit credit card fees without Merchant Cost Consulting typically save anywhere from two to ten percent on their current fees. Business that restructure merchant account fees with Merchant Cost Consulting will typically save upwards of thirty to forty percent on their current fees.
More Information
Are You Paying Too Much on Your Credit Card Processing Fees?
Get a Free Audit & Analysis and Find Out How Much Merchant Cost Consulting Can Save You.
"*" indicates required fields
Tags: restructure credit card fees audit credit card fees lower credit card merchant fees