Top 3 Areas Your Processor Is Padding Their Profit
Friday, 12 February 2021
Audit Advantage auditors have seen the disturbing trend of credit card processors ‘padding’ legitimate fees on your credit card processing statements. This article will cover the top 3 areas that processors will disguise additional profit that you may be unaware of. As most merchants know, your credit card processing fees are a combination of
- Published in Cost Reduction and Containment, Tips
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Every merchant should be using a processing consultant
Thursday, 28 January 2021
Credit card processing fees are one of the most under-looked areas to lower your operating business costs. As your organization grows, it’s more important than ever to pay attention to the fees you are paying. Business professionals look to experts for advice in many areas of their business. Accountants help you with your finances and
- Published in Cost Reduction and Containment, Tips
Audit Advantage PCI + Cyber outperforms the competition
Monday, 21 December 2020
Audit Advantage PCI + Cyber offers a comprehensive PCI and cyber security management service that can help any size merchant achieve PCI compliance and protect their business against cyber security threats. Most merchants don’t want to deal with the headache of validating PCI compliance. The process can be overwhelming and confusing at times. Audit Advantage
- Published in PCI
The Components of Credit Card Processing Costs
Tuesday, 15 December 2020
Credit card processing fees are confusing. It can be difficult to understand where your money is going. Processors are always looking to make more profit at your expense by hiding fees and increasing costs. In this article we’ll explain the 2 major components of your credit card processing costs; giving you a better understanding of
- Published in Tips
How to avoid Interchange downgrades
Wednesday, 25 November 2020
How to avoid Interchange downgrades Interchange rates are the underlying credit card processing costs associated with the transfer of funds between the credit card processor and the bank that issued the credit card used by your customer. There are hundreds of different Interchange categories. Each of these categories applies to the type of card being
- Published in Tips
PCI Compliance Questionnaire Summary
Monday, 03 July 2017
Use the following table to confirm that you are completing the correct PCI questionnaire. If you have any questions about Payment Card Industry (PCI) compliance, please contact the professionals at Audit Advantage by calling 877-799-2720 or by email at info@getauditadvantage.com. SAQ Validation Type Description # of Questions ASV Scan Required? A Card-not-present merchants: all payment
- Published in Uncategorized
Test your payment processing knowledge with the Audit Advantage Challenge
Thursday, 04 August 2016
Every month, Audit Advantage reviews hundreds of credit card processing statements and identifies thousands of dollars in overages. Merchants are always curious to test their understanding of the complex array of credit card processing fees. When you use Audit Advantage, you don’t have to waste your time becoming an expert on credit card processing costs,
- Published in Tips