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MERCHANTS HAVE MORE CREDIT CARD PROCESSING FEES THAN EVER!

In the last few years, I have personally seen merchant accounts incur more and more monthly fees that have never existed before.  For example:

MONTHLY ASSOCIATION FEES (RETAIL)
 $0.83 NYCE
 $0.75 PULSE
 $1.00 STAR
 $0.75 JEANIE
 $0.67 ACCEL
 $1.25 MC annual
 $1.25 MC location
 $2.00 Visa FANF
 $8.50 TOTAL
This is like an additional monthly statement fee.  The PIN Debit annual fees are broken out as monthly but represent a $55 annual fee.   Keep in mind this is in addition to other fees that are also going up constantly.

Discount Fees
Transaction Fees
Interchange and Association Fees
PCI Compliance
PCI Non-Compliance
Breach Protection
Monthly Statement
Online Reporting

Therefore no one should be surprised that everyone is paying more than ever to accept plastic.  And dont be surprised that one rarely sees these fees listed in agreements.  Maybe its in the fine print 20 pages in.  My question is what has changed from a business standpoint to warrant these constant increases?  Is there any added …
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Announcement! Beware of Merchant Service Interchange Fee Padding

It has been observed that in recent months some merchant service providers are adding additional charges to their hard costs and passing these onto the merchant.  This is known as "padding".

This is why Merchant Statement Analysis is providing a key merchant rate analysis service which reveals these practices and helps businesses save money.

Merchant Statement Analysis - The Green Sheet :: Company Profile

IF YOU ARE LOOKING FOR MERCHANT STATEMENT ANALYSIS FROM THIS QUOTED ARTICLE YOU HAVE FOUND US.  Visit http://www.merchant-statement-analysis.com for details.


Article originally appeared in The Green Sheet Issue 130101
Merchant Statement Analysis - The Green Sheet :: Company Profile

Better approach to statement analysis
Many ISOs spend an inordinate amount of time performing merchant statement analyses on behalf of their merchant level salespeople (MLSs). After facing this challenge firsthand, ISO sales and recruiting veteran Chris DuPont decided to build a company that would allow ISOs to outsource this function. He founded Merchant Statement Analysis in 2009 to reduce this ongoing burden for midsize ISOs cost effectively, with accuracy and speed. "Some ISOs have programs in place," said DuPont, who now serves as a Merchant Account Analyst for MSA. "Their relationship managers or their recruiters will do these statement proposals for their agents, but it's not a priorit…

EMV (Chip and PIN) Technology and Understanding Merchant Fees

I just found this article that really shows the initial impact of  EMV implementation at retail stores. Business owners will be need help with how to read their merchant statement.  They will no doubt be looking over it closely in the coming months to understand how these changes will affect their rates and fees.

This article also highlights that fact that ISOs and banks need to understand and explain interchange fees in a manner that the merchant can grasp as various fees are not simply matter of changing terminals or providing better card security.

Read the article here:

http://www.nytimes.com/2015/11/17/business/chip-credit-cards-give-retailers-another-grievance-against-banks.html?partner=msft_msn


Merchant Account Price Auditing Equals Merchant Retention

“How do I know this is really what you’re going to charge me?” This common objection reveals an industry problem: the merchant doesn't fully trust the sales person. If questions persist, they may soon move on to another company, wooed by promises of better rates.

Enter Merchant Statement Analysis’ newest service: Merchant Auditing! The concept is simple and effective. The merchant’s current rates and fees are compared with those promised on their original application. The merchant can then see that your company is providing the rates promised, is honest, and transparent.

The benefits are well worth the low price point per merchant.   Merchant retention is probably the most immediate result, as happy merchants stay put. In addition, the Auditing service can be up-sold, equaling more revenue to ISOs. This powerful sales tool is exactly what you have been looking for.
If you are looking for the next best thing contact MSA.  www.merchant-statement-analysis.com

Get Merchant Account Fee and Pricing Secrets Revealed

Would you like to know some of the leading merchant accountfee and pricing secrets?  Then get your free copy today.  Visit Merchant Statement Analysis and simply use the contact form to get your copy.






Reduce Your Transaction Integrity Fees

As I am working through statements from day to day, I started to notice that some restaurant locations were paying very steep discount charges. What I discovered was those same businesses were also being assessed a high number of TIFs (Transaction Integrity Fees).

Just what does this fee mean and how does can it impact your business? Starting in April 2012, Visa introduced this new $.10 for each debit card that does not qualify for the CPS (Custom Payment Service) interchange rate. 

You might be wondering how a debit transaction does not qualify? After all, you are simply swiping the customers credit card, right? Well there are several possibilities. 
Transactions are not settled (batched) within 2 days AVS (Address Verification) is not requested for key-entered sales Internet sales do not include order number of customer service number Hotels are not providing all the requested data Therefore, depending on your business practice, you could be assessed a TIF fee…