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.

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What is the Best Merchant Account?

This question has puzzled many for a long time. In view of the last few years and the struggling economy, I believe this question is more relevant than ever. This year has had record bank failures! And this news is not good for our industry. There is increased pressure on merchant service organizations and their agents to perform well and take care of their merchant's like never before. So when selecting a merchant account provider, what should you look for? You will likely agree that honesty and forthrightness is at the top. Is the company you are considering willing to disclose all fees including PCI compliance fees, cancellation fees, downgrade fees, and the more recent NABU and APF fees and so forth? Does the company you choose keep informed as well as keep merchants well informed of rate increases or entirely new fee structures? This is important since most businesses owners only think of their discount rate. With each passing year, I have seen more fees added to the

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

MERCHANT ACCOUNT ANALYSIS

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