Have you taken a close look at your merchant account statements? Merchant account fees can seem overwhelming, but they don’t have to be. In today’s episode, Maria will discuss how you can optimize your merchant account, get the best rates possible, and how and when to negotiate with your payment processor. Knowing your numbers and understanding the variables you have control over can save you thousands of dollars. So grab your most recent account statement and listen up. With Maria’s simple tips, your business can begin saving money today.

“You have to know your numbers; you have to know what you’re being charged. It’s important for you to know that reconciliation is key.”

~ Maria Sparagis

In This Episode:

- Why it’s good to scrutinize your monthly statements

- Understanding the discount rate

- Why Interchange Plus pricing model is beneficial for you

- Transaction fees you should look out for

- PCI Compliance fee and non-compliance fee

- How your MCC code significantly impacts your Interchange fees

- Integrating anti-fraud measures can save you lots of money

- How much in reserves should you pay

- Why you should do a thorough reconciliation

Simple Ways to Save Up to 3% in Merchant Account Fees Overnight