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We've Been Deceived: Credit Card Processing Fees Are Out of Control

WE'VE BEEN DECEIVED: CREDIT CARD PROCESSING FEES ARE OUT OF CONTROL

THIS COURSE IS GEARED FOR COMPANIES ACCEPTING OVER $50K PER MONTH IN CREDIT CARD PAYMENTS (AND THE FIRMS THAT ADVISE THEM)
Cost Free
Presentation Length 1.0 hour

Recorded DateJuly 14, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Course LevelBasic
Course Description

Twice a year, Visa and Mastercard (and sometimes American Express) change the rules about how credit card processing fees are calculated. Sometimes, those changes can make a big dent in your profitability, and the updates that took place in April of 2021 were both drastic and deceitful. 

In this webinar, we will discuss some of the strange tactics the card brands use to increase your merchant account fees and how other parties involved tend to abuse these rule changes. For any business that accepts credit cards, these fees are constantly on the rise. In many cases, those fees can be avoided or reduced with the proper expertise.

Learning Objectives:


  • Determine the nature of the credit card processing industry

  • Recognize the cycle of processing fee updates

  • Summarize the history of interchange and other fee increases 

  • Identify ways in which these fees can be avoided or reduced

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Jeremy Layton started Verisave back in 2001 to identify and collect overpayments made by their customers to their suppliers. In 2010, Jeremy noticed that most of his customers were paying a lot of money to process credit card payments. After digging a little deeper, he found that most of his customers were paying much more than they needed to, and Jeremy was determined to help them reduce these fees. Over the past ten years, Jeremy has become an expert in all things relating to the credit card processing industry. Verisave saved its customers over $30 million on credit card processing fees.

About Our Presenter

Verisave logo
Verisave is a seasoned auditing company that helps organizations identify and eliminate excess merchant processing fees. Since 2002, the Verisave team has served clients throughout the United States in a variety of industries by providing clarity and transparency in a complicated area of business. Our team of processing industry experts brings experience and knowledge to the table with one goal–to identify and implement measurable savings for your business.