How Find All of The Hidden Fees in Your Merchant Account
Finding The Cost of Your Merchant Services Confusing?
You're not alone. Many business owners struggle to decipher the complex fees and charges associated with credit card processing. Between transaction fees, monthly service charges, and hidden costs, understanding your merchant service statements can feel like navigating a maze. However, gaining clarity on these expenses is crucial for optimizing your payment processing and reducing unnecessary costs. Through our professional auditing services, you can break through the complexity, gain transparency, and make informed decisions that enhance your business's financial health.
Take The Frustration Out of Your Processing Costs
Did you know that the majority of businesses are overpaying for credit card processing services? In fact, 82% of the statements we've audited could cut their fees by more than 50%. This startling statistic underscores the importance of regularly reviewing and auditing your payment processing statements to identify potential savings. By thoroughly analyzing these statements, businesses can uncover hidden fees and negotiate better rates, ultimately improving their bottom line. Taking the time to audit your credit card processing fees can lead to significantly reduced costs and more efficient financial management.
The Difference Between a Statement “Analysis” and “Audit”
If you have been running a business for any length of time, you have probably had a credit card processing company offer to provide a “free statement analysis” that promises to show you how much you can save by switching your services. The trouble with allowing a processor access to your statement is that they have no interest in showing you how much you can actually save. Their only goal is to show you a report that tricks you into believing that you will save money if you change your credit card processing services. Don't fall for it! We have heard countless stories from business owners who were duped into switching, only to find that their new processor is more expensive, has terrible customer support, and locks them into a contract that will cost thousands to get out of before the service term expires.
“Never accept a “free statement analysis” because there is always a catch!“
A “Statement Audit” is Different for Three Reasons:
- An Statement Audit is conducted by a professional who is not trying to get you to switch your credit card processing services. Their only goal is to provide you with accurate information on your processing costs.
- A Statement Audit is not free, which is important because the cost of the audit is the only obligation you are agreeing to. There will be no back-end sales pitch trying to convince you to do something that isn't in your best interest.
- A Statement Audit is much more in-depth. Companies that provide a “free analysis” or “free cost consultation” are notorious for withholding information that would allow you to act on your own to achieve savings. With an audit, you get everything you need to know to cut your fees to the bare minimum, without any ties to splitting savings with anyone or any obligations to switch your processing services.
Don't Wait to Audit Your Merchant Account
Why should you get a statement audit today? Because it's likely that you are being overcharged without your knowledge or consent, and it could get worse. A recent Supreme Court decision may remove much of the government's ability to regulate the payments industry. This could lead to an avalanche of new fees quietly being added to your processing costs, so it's important to eliminate excess fees now to ensure that any attempts to add new fees later will be blatantly apparent.
A comprehensive statement audit will reveal hidden charges, inflated rates, and other discrepancies that are costing your business more than necessary. By identifying these issues early, you can negotiate better terms, switch to more cost-effective service providers, and streamline your financial operations. Additionally, regular audits help ensure compliance with industry standards and protect your business from potential mistakes in your transaction fees. Don't wait for these costs to accumulate—take action now to secure a more profitable future for your business.
Get On The Waitlist
Due to high demand we are accepting a limited number of clients per week. If you are interested in having your statement audited, please fill in the form below. Submissions that include statements will be prioritized and will receive a preliminary review at no cost. Our response will include an estimate of the cost savings potential you could achieve through tactical negotiation as well as our pricing options for a deeper audit if you wish to proceed with one. We'll provide you with a cost/benefit analysis of a comprehensive audit before you agree to pay for one.
