Get one of your biggest expenses under control with monthly monitoring.
Did you know that credit card processing fees are one of the top five expenses for businesses? Sadly, most business owners pay too much and have no way of managing their processing expenses.
Now there is Audit Advantage, a monthly monitoring program that will help you cut your processing costs and save your business hundreds or thousands of dollars. Audit Advantage compares your rates/fees and alerts you when you can save.
Sample Audit Advantage Report
This quadrant provides a snapshot of your program, along with industry data and excessive costs that were avoided/not-avoided while participating in the Audit Advantage program. Audit Advantage annualizes these figures so you can estimate the impact for the entire year.
Effective Rate is the percentage it costs you to take credit cards. This chart tracks your monthly effective rate and historical events that occur in your program. An example of an event could be a price increase/decrease, unnecessary fee, qualification problem or a change in processor.
Audit Advantage uses a unique stoplight approach that alerts you of problems with your program. When you see a red light, you must take action to optimize your program. When you see a yellow light, there may be an issue that requires further investigation. When you see a green light, all is clear and no action is needed.
Here your Effective Rate is broken down into its two main components;Interchange/Brand Fees and Processor Markup. Interchange and Brand fees are not avoidable but can be minimized. Processor Markups are the fees that can be negotiated. Processor Markup is displayed by the red columns. The smaller the red columns are, the better your program is. Audit Advantage can help you optimize both columns to the Achievable Effective Rate.
Here’s how it works
|Step One:||Enroll in Audit Advantage. It’s only $149 a year! Click here to sign up now.|
|Step Two:||Send us your statements (and other processor correspondence) every month. (fax, e-mail or mail)|
|Step Three:||We analyze all your data, compare it to your peers and the industry.|
|Step Four:||We send you a monthly Audit Report that alerts you of any impending rate increases or avoidable fees. The report also shows you where you have potential savings and makes recommendations for the actions you should take.|
|Step Five:||Take action based on your report and pat yourself on the back for reducing your credit card processing expense!|