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
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Q3 – 2020 Industry Updates
Thursday, 15 October 2020
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
Q2-2020 Industry Updates
Tuesday, 21 July 2020
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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Q1-2020 Industry Updates
Tuesday, 21 July 2020
During COVID-19, merchants need Audit Advantage more than ever Processors are always looking for ways to increase their profits. The current economic conditions surrounding the coronavirus pandemic are motivating credit card processors to squeeze more profit out of merchants like you. Here are the top 3 reasons why merchants need Audit Advantage now: Our analysts
- Published in PCI
Q4-2019 Industry Updates
Tuesday, 21 July 2020
In 2019, Audit Advantage helped merchants avoid hundreds of fee increases Credit card processors are notorious for increasing their fees. They have created thousands of ways to boost their profit from unsuspecting merchants. Here are 3 of the most common ways processors raised their hidden fees in 2019: Inflating the Visa, MC and Discover Assessments
- Published in PCI
Q3-2019 Industry Updates
Tuesday, 21 July 2020
Understanding your credit card processing fees Credit card processing fees are confusing. It can be difficult to understanding 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;
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Q2-2019 Industry Updates
Tuesday, 21 July 2020
Why you need a credit card processing consultant Credit card processing fees are one of the most under-appreciated areas to lower your operating costs. As your organization grows, it’s more important than ever to pay attention to your costs. A credit card processing consultant should be a critical part of your business management. Knowing that
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Q1-2019 Industry Updates
Tuesday, 21 July 2020
Interchange downgrades could be costing you thousands Audit Advantage reviews hundreds of credit card processing statements each month and we help merchants lower their processing costs without having to switch processors! Most of the time, merchants don’t realize they are losing money because of poor Interchange qualification (aka Interchange downgrades). Interchange downgrades are avoidable. Click
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Q4-2018 Industry Updates
Tuesday, 21 July 2020
Audit Advantage becomes an approved vendor for TRIB Audit Advantage has been working tirelessly with merchants in the rent-to-own industry. Over the course of the last year we have helped RTO stores save hundreds of thousands of dollars in excessive processing costs. In an effort to strengthen our relationship with the RTO industry, Audit Advantage
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Q3-2018 Industry Updates
Tuesday, 21 July 2020
Audit Advantage-PCI breach protection benefits keep getting better Having property or workers compensation insurance is a no-brainer for any business, so breach protection shouldn’t be any different. The average data breach costs $80,000/location and 7 out of 10 close their doors after a breach. Audit Advantage-PCI provides you with world-class breach protection and our coverage
- Published in PCI