1. What is Merchant Account Consulting?
Merchant Account Consulting is a service provided by industry professionals that specialize in reducing costs associated with accepting credit cards as payment.
2. How does Merchant Account Consulting work?
Our team of analysts will utilize inside industry knowledge and experience to procure a best-in-class fee structure specifically designed to reduce costs and maximize savings. We work on your behalf with your existing merchant services provider(s).
3. How much does it cost?
We limit our fee to a percentage of the savings we produce, and only for the length of our agreement. When that agreement expires, you will enjoy 100% of your savings.
4. What happens if I don’t save any money?
Since we only bill our clients a percentage of savings, you will not get a bill if no savings are generated. We will often put in a “Minimum Performance Requirement Clause” into our agreements to ensure that we will only bother to send you a bill if it is worth your time to pay it. Minimum Performance Requirement clauses are calculated on a case-by-case basis.
5. Do rates change over time?
The only thing constant is change, and it is never more true than in this industry. Pricing managers at banks and financial institutions are constantly finding new ways to raise rates and add fees. Processing statements these days are literally infested with fees, many of which can be influenced, negotiated, and even eliminated - we specialize in identifying such fees and acting on your behalf to lower and/or eliminate them.
6. How do I know you’re saving me money?
For every month of our agreement, we will provide you with a side-by-side comparison of the rates you had prior to signing up for our services, to the rates you are currently paying with regard to that particular month’s actual processing volumes. Please click here to see a sample rate sheet.
7. Does Merchant Account Consulting work for all types of businesses?
Merchant Account Consulting can work for any business accepting electronic payments of any kind! We guarantee we can generate savings. Call us today to find out how much.
8. Do I have to have an existing merchant account?
Our typical customer has an established processing history, though we are happy to work with any organization that is new to processing. Give us a call and tell us what you’re looking to do, and we'll be more than happy to connect you with a reputable financial institution that can fulfill your processing needs.