Are credit card processing fees taking too much of a chunk out of your organization’s bottom line? If so, you’re probably wondering if there’s a simple way to reduce those fees without going through the hassle of switching credit card processing vendors.
While many businesses believe the only way out of excessive credit card processing fees is by swapping to a new vendor, it simply isn’t the truth. Believe it or not, it is possible to negotiate your existing credit card processing fees to receive a lower rate!
We Can Help You Negotiate Your Credit Card Processing Rates
We know what you may be thinking. The idea of negotiating a better deal for your credit card processing fees sounds great, but you just don’t have the time, or knowledge of how the industry works, to approach your processor about reducing excessive credit card processing fees.
That’s where our expert auditors and negotiation team comes in.
At Audit Advantage, we work for you with no upfront fee, that’s how confident we are that our tried and true process for reducing credit card processing fees will work for you. You only pay us once you have a new fee structure in place with your credit card processor that is saving your organization money every month.
How Audit Advantage Negotiates Credit Card Processing Fees on Your Behalf
To get your lower processing fees, we start by assigning a team of expert auditors to pour over and review your monthly credit card processing statements. They go line by line, looking at every charge to get an understanding of:
- How many credit card transactions you process in an average day, week, and month
- The average amount of money your customers spend when they pay by credit or debit card
- How much your organization is paying, on average, every month to your credit card processor
From there, our negotiators formulate a strategy, and get to work negotiating on your behalf.
It Is Possible to Reduce Your Credit Card Processing Fees Without Switching Vendors
You see, credit card processing fees aren’t set in stone.
Sure, there are non-negotiable interchange fees that the banks who issue your customers their credit and debit card will always charge you. But we don’t focus there. Instead, we look at the markup fees that your credit card processing company is charging you with every swipe or chip insert. This markup fee is what pays for the processing company’s overhead, and provides them with a profit. And trust us, this markup fee is negotiable!
Examples We Use to Lower Your Credit Card Processing Fees
As experts in our field, we’ve got a variety of strategies to bring to the table when it comes to negotiating the markup fee that your credit card processor is charging you. Reasons these companies include a decrease in the markup rate they charge you include scenarios such as:
- Your organization processes a high volume of credit card transactions on an average day, week, or month
- The average purchase your customers make when paying by credit card is higher than other businesses your credit card processing company works with
- Based on industry standards, you’re being overcharged for the size of your organization and the volume of credit card transactions being processed on your behalf
Trust us – your credit card processing company knows they have competitors with whom you could switch. Your credit card processing company wants to keep your account! To ensure they do, they are willing to negotiate with us to find a win-win solution that gives them a fair markup rate and profit, but doesn’t take too much out of your profits, either.
Contact Us For a No Obligation Consultation
As we mentioned above, there are absolutely zero upfront fees to working with Audit Advantage. We roll up our sleeves, review your monthly statements, formulate a plan, and negotiate with your credit card processing company for a fairer markup rate on our own dime. You’ll only compensate us monetarily when we’ve reached an agreement that is saving you money every month by reducing your credit card processing fees.
Whether you want to learn more about our processes and the people who make up Audit Advantage, you have a question, or you’re ready for us to begin working with your organization, we’d love to hear from you. Simply fill out the form on our contact page, or call us directly at (877) 799-2720.