For any business accepting credit cards those processing fees can really eat into your bottom line. But changing processing companies is a major pain. Trust me, we did it. And though we are paying lower fees than we were previously the new statements are complicated and can be confusing to read. When Merchant Cost Consulting approached us about partnering together it seemed like win-win for our readers and listeners (and us just to be clear. We get paid if you use their services).
To connect with them send Cindy an email at [email protected] with credit card in the subject line. Or fill out the form below and get connected.
How It Works
First you send them a 3-6 months of your statements from your current credit card processor. They will find any hidden fees or exorbitant rates and estimate how much they can save you per month. If they can’t find savings, they will let you know. That was our experience. This is something we have spent a lot of time on over the years because we know how much fees matters so it was reassuring to know that we are getting the lowest possible fees we can on credit card transactions.
If they do find hidden fees or high rates, they can offer savings in three ways.
- They can go back 1-3 months and get your fees and overcharges refunded.
- They negotiate away any junk fees and overcharges with your processor to get your fees to where they should be.
- They monitor your future credit card statements so the fees, rates, and overcharges don’t creep back up.