Credit Card Brands Postpone April 2021 Interchange Increases

credit card fee changes
The credit card brands (i.e. Visa, MasterCard, Discover and American Express) increase interchange and brand fees in April every year. Last year the major card brands decided, amid the COVID-19 pandemic, to postpone changes to interchange and brand fees until April 2021. As a result, the slated increases for April 2021 were quite extensive. In
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Top 5 Reasons To Validate PCI Compliance

PCI compliance
For many merchants, Payment Card Industry PCI compliance can be a frustrating and cumbersome process. In fact, many merchants give up, or avoid PCI compliance all together. Not only does this result in thousands of dollars lost to PCI non-compliance fees, it could leave a business at risk of a credit card breach. Additionally, PCI
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Top 3 Areas Your Processor Is Padding Their Profit

profit-padding
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. Uncover hidden profit-padding in credit card processing fees. Learn the top 3 areas where
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Every merchant should be using a processing consultant

credit card processing
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. Save on credit card processing fees with expert consulting. Audit Advantage helps businesses navigate complex costs and uncover hidden fees.
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The Components of Credit Card Processing Costs

Credit Card Processing Costs
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
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How to avoid Interchange downgrades [2023]

Interchange rates
How to avoid Interchange Rates 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
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Q3 – 2020 Industry Updates

cybersecurity
How does your processor compare to the competition? Audit Advantage audits hundreds of statements each quarter, and we are always comparing the costs between processors. Have you ever wondered how your processor compares to the competition? Please contact us to find out how your processor stacks up. If you know someone that is interested in
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Q2-2020 Industry Updates

Rising Fees
Processors are beginning to raise fees now that businesses are reopening The COVID-19 pandemic has caused many businesses to temporarily close their doors. As these businesses begin to reopen, we are seeing credit card processors begin to increase costs and add new ‘junk’ fees. These are the Top 3 areas our analysts will be monitoring
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3 Ways to Reduce Your Credit Card Processing Fees

reduce credit card processing fees
Discover 3 effective ways to reduce credit card processing fees for your organization. Learn how to save on interchange fees and combat fraud. Your organization shouldn’t be paying too much in credit card processing fees. It simply doesn’t make business sense. While Audit Advantage is negotiating the markup fee your current credit card processing company
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Can You Lower Your Credit Card Processing Fees Without Switching Vendors?

lower credit card processing fees
Learn how to negotiate lower credit card processing fees for your organization without switching vendors. Contact us for a no-obligation consultation. 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
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