The fees charged to a merchant for accepting card payments is based on hundreds of interchange rates and assessment fees, and include per transaction fees, nondescript plan fees, and misleading discount rates. Our proprietary tools audit and analyze a merchant’s credit card processing, and provide transparency to fees for merchant services.
VeriProcess has the experience and tools to be your advocate in the evolving payments industry.
As a merchant accepting credit cards, it’s important to understand your processing costs and how card types and data may impact your rate. Payment transactions may be downgraded for missing card data or invalid settlement. VeriProcess will help reduce your payment processing fees by identifying and correcting areas of overspend.
You should recognize that you’re likely paying more for your merchant processing services than necessary – there are thousands of companies reselling services for a very small number of key merchant service providers. In fact, the top 5 merchant service providers account for over 70% of transactional volume, according to Greensheet.com, a payment industry publication.
Of course, you don’t have to understand all the intricacies of the payment industry – that’s our job. VeriProcess will act as your merchant advocate and trusted resource. We’ll provide you with much needed transparency by helping you understand the complexities of the payment industry.
One of our goals at VeriProcess is to help develop more informed, knowledgeable clients. Because the more you know, the better you can drive your business toward greater efficiency and, ultimately, greater financial success.