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Payment Processing Industry

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At VeriProcess, we help organizations that accept credit card payments reduce their payment processing expenses by identifying and correcting areas of overspend with merchant service providers. Find out how we reduce payment processing expenses.

Our role as a merchant advocate and our expense reduction services do not require you to change your existing merchant service provider. Our experience and expertise in the payment industry puts the power in your corner when navigating the complexity of payment processing, and our results-based fee model incents us to deliver maximum savings.

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There is a wide range of fees charged to a merchant for accepting credit card payments. If you review your merchant processing statement, you would likely see various nondescript plan fees, discount rates, interchange and assessment fees, credit card transaction fees, along with monthly support or statement fees. So, how do you know if the fees you’re paying for processing credit card payments is competitive, or even the same fees you agreed to in your contract?

Our proprietary software will 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. VeriProcess will help reduce your payment processing fees by identifying and correcting areas of overspend on payment processing.

We are not a merchant services provider and do not require you to switch services or change providers.

Our process is simple and effective. We start by auditing a few recent statements from your merchant service provider and deliver to you an easy-to-understand analysis – at no obligation and with no cost to you. After reviewing the results of our payment processing audit, you decide if you’d like to engage our services. If you decide to have VeriProcess pursue the savings we’ve identified, we would go to work on your behalf, to reduce the payment processing fees with your existing merchant service provider. Our success is based on measurable results, and our fees are only a percentage of your savings.

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Understanding Credit Card Processing

 

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. We can help identify the areas of overspend and will work with your existing merchant service provider to correct these problems.