Cost reduction is critical in today's economy, but some areas of wasted spending are incredibly difficult to address internally. Credit card processing fees are certainly one of them.
The merchant services industry has evolved to be incredibly complex, and most finance teams don't have time to truly master all of the nuances. As a result, there are numerous misconceptions about credit card processing fees that often result in lost revenue. Will changing to a new processor save money? Who is in control of the fees? Can interchange fees be affected?
This session will discuss common myths, why they are costing you money, and the truth behind them.
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.
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