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THE IMPORTANCE OF MERCHANT STATEMENT ANALYSIS IN BUSINESS

Businesses often rely on a variety of vendors and suppliers to provide the materials and services needed to run their operations. However, it's important to keep track of these expenses and ensure that you are being charged correctly. One way to do this is through merchant statement analysis. Merchant statement analysis is the process of reviewing and analyzing the statements provided by your vendors and suppliers. This allows you to identify any errors or discrepancies in the charges, such as duplicate charges or incorrect pricing. By regularly having your statements reviewed, you can ensure that you are only being charged for the goods and services that you have actually received. The best help with merchant statement analysis is from us: Merchant Statement Analysis. Its our very name! This service  quickly and easily reviews and analyzes  merchant credit card statements. It can save time and reduce errors, leading to more accurate and reliable financial information. A merc
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DON'T GET OVERCHARGED FOR CREDIT CARD PROCESSING FEES!

Hey there! So, accepting credit cards is pretty much a necessity for any business these days, right? But, the cost of credit card processing can add up quickly. From merchant account fees to chargeback fees, it can be tough to keep track of what you're paying and why. In this article, we're going to break down the costs of credit card processing and give you some tips on how to avoid overpaying. First, there's merchant account fees. This is the fee you pay to the company that sets up your merchant account, which is the account you use to accept credit card payments. Merchant account fees can vary widely, and they can include monthly fees, annual fees, and application fees. It's important to shop around and compare merchant account fees from different providers to make sure you're not overpaying. Next, there's interchange fees. These are the fees that are charged by the credit card issuer, such as Visa or Mastercard, for each transaction. These fees are set by th

WHAT WILL REDUCED VISA INTERCHANGE RATES LOOK LIKE

Visa claims that many business owners will experience reduced interchange rates in April 2022. https://usa.visa.com/support/merchant/library/visa-merchant-business-news-digest.html The claim is that  more than 90% of American businesses interchange rates will be reduced by 10%. These changes will take effect April 2022.    We will soon find out how this is implemented.   Will other card associations follow suit?  It has been since before the pandemic that  MasterCard or Discover have done anything significant. As soon as we know you will know.  UPDATE May 16, 2022 Ok so the new rates are out!  Visa did indeed revise rates for merchants processing less than $250k per year on Visa card volume.  This reduced category is called Visa Small Merchant.  However, Visa did increase their Non Qualifying consumer and business cards.  Business owners will definitely want to process in a the right way to avoid getting hit with that charge on the sale!  MasterCard and Discover adjusted their rates on

FIND THE LATEST MERCHANT CREDIT PROCESSING INTERCHANGE RATES HERE

LATEST OFFICIAL INTERCHANGE RATES  Here is where you will find the latest interchange reimbursement rates that are available to the public.  Merchant Statement Analysis is here to help you with your statement quote needs.  Just click the Welcome MSA logo to the right of this page to visit our website and get more help.  VISA USA VISA EUROPE   MASTERCARD  MASTERCARD EUROPE WELLS FARGO PASS-THROUGH FEES  WELLS FARGO PAYMENT NETWORK QUALIFICATION MATRIX 

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 con

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.