Cost Reduction Opportunities

5 signs you are wasting money on credit card processing fees

  1. You don’t know your processor’s break-even cost to service your account.
  2. You see the words “mid-qualified” or “non-qualified” on your statement.
  3. You don’t know how to avoid certain Interchange downgrades.
  4. You don’t know if your company is eligible for special emerging market interchange programs.
  5. You don’t fully understand all options available to ensure your transactions are directed to the least-costly payment method.

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Consider this:

"…something any business that accepts credit cards can definitely use."

“Our merchant services have become a major expense over the years. We contacted our processor, which happens to be our bank and really got nowhere. We were pleasantly surprised that Adam was able to come in and decrease this expense by nearly 20%. Frankly I thought they wouldn’t get anywhere as I had tried on my own that same month, but it became clear to me that they know exactly what to ask for, where I don’t. I think this is something that any business that accepts credit cards can definitely use. It’s a no brainer.”

—Paul Dewey
General Manager
JB French Dry Cleaning

"…cut hundreds of dollars a month off my processing expenses"

“Whenever I contacted my processor they would appease me by making a slight reduction in my rate but the savings would be small if any. I decided to work with Adam and it was eye opening. He negotiated much better terms with my processor that I didn’t even know existed. I never had to change companies and I have cut hundreds of dollars a month off my processing expenses."

—Bill Seltzer
President
Temecula Valley Golf School

"We expect to add close to $30,000 to our bottom line…"

“We have realized about half of our overall savings by Adam getting us better pricing terms with our existing company, the other half is by helping us identify procedures at our point of sale that enable our transactions to be processed in the least costly method. We expect to add close to $30,000 to our bottom line through this process."

—Scott Aaron
Controller
DeSoto Sales

 

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