Merchant Processing Articles

Understanding Interchange Rates and Other Fees – Know The Basics Before Negotiating Pricing

understanding interchange

Many merchants think card processing is pretty simple, not realizing how interchange rates (issuer and card association fees, dues and assessments) drastically  affect their bottom line. They think the customer’s card information, obtained during an on-line purchase, is sent to one of the card associations — Visa, MasterCard, Discover, American Express. They think the card [...]

“Interchange plus Pricing” does not automatically mean “Fair Pricing”

right_price

  If you have read any of my articles, you know I am a proponent of Interchange Plus pricing and I detest the use of Tiered pricing on merchants.   However, please understand that a merchant on Interchange Plus pricing can still be grossly overpaying for card processing.  In fact, of the hundreds of merchant statements [...]

We Understand the Processing Business and Can Help You Get the Best Rates and Fees

Merchants overpay for credit card processing by tens of millions of dollars every year.  In addition, the convoluted rate structure along with the misleading tactics used by many in the card processing industry make it almost impossible for a merchant to know if he or she actually has the lowest possible processing cost or favorable terms and conditions when accepting credit cards for business.

 MerchantFeeSavers was founded by industry veteran Phil Hinke to educate, protect, and provide merchants with the tools to obtain the lowest possible processing cost and best terms and conditions.

 MerchantFeeSavers is a true advocate to the electronic payment industry.  We do NOT sell card processing services.  We are NOT affiliated with any card processors or their salespeople, nor do we receive any compensation or favors from any card processors or their salespeople. Our only allegiance is with our merchant clients, and we fight to get our clients the lowest possible cost.  In the vast majority of cases, we help clients obtain the lowest costs on their business credit card accounts with their existing processor.  In some cases, merchants want to change their processors. In those cases, MerchantFeeSavers service enables dozens of reputable merchant account providers for small business to provide a blind bid for the merchant’s processing.  

 When merchants team up with MerchantFeeSavers, they get an expert in their corner to handle all the heavy lifting and address their needs in a professional and efficient manner.  We have handled many negotiations and 100% of our merchant clients are glad they chose MerchantFeeSavers to help them.

 MerchantFeeSavers is an independent trusted source that all business owners can rely on for the truth in the convoluted and perplexing card processing industry.  Our mission is to educate and help owners obtain the best processing value when accepting credit cards for their business.

About MerchantFeeSavers

MerchantFeeSavers was formed because a friend of the founder and owner of a chain of pizzerias pleaded that the merchant needed a true advocate. The industry is too complex and deceptive and the average merchant simply does not have the time or knowledge to decipher truth from deception. There are also too many companies claiming to be an advocate of the merchant but are really affiliated with different merchant account providers or salespeople. Even many industry associations and chambers receive money from merchant account providers for their endorsement. [...]

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