Wednesday, October 30, 2019

Can you do an analysis of my merchant account?


I recently met a new "potential" merchant and was asked to do a proposal for their business. I said I would be more than happy to do so but needed information from them to do a thorough investigation of their processing details. Let me explain how Merchant Processing Solutions does their merchant analysis!

  1. We request anywhere for 1-3 months worth of statements from their current merchant services provider.
  2. We review the 3 statements to see consistencies and inconsistencies in payment acceptance.  
    1. Image result for merchant processing statements images
    2. Like chargebacks
    3. PCI Compliance Penalties
    4. Unusually high or low transactions
    5. What is the AVERAGE monthly volume and AVERAGE transaction for this merchant
  3. Using the statement that is most like their average volume, we dissect the transactions into types of cards accepted; consumer, rewards, business, corporate, government, and purchase cards.
  4. We then notice how much of their business is down face to face and how much is down with card not present. 
  5. We use a grid that compares the current processor to Merchant Processing Solutions Inc.
  6. We compare apples to apples with the grid showing our prospective merchants what they can expect to save by using our merchant processing services. 
  7. We show them the totals, savings and net effective along with 1 yr & 3 yr savings.

Merchant Processing Analysis


Merchant Processing Solutions does not want to make ANY promises about rates or savings until we can prove that we can truly offer them. Many company spout off rates and savings without even doing a complete card by card analysis. No wonder so many merchants are skeptical about changing merchant processing companies! Are they lying or exaggerating just to get me to change? Our philosophy of "win-win" means that it has to be the right savings on the right type of cards using the right product, system or hardware to make our merchant's business grow! Every time we do an analysis, we stake our reputation on our numbers and it means A LOT to us! 

If you are interested in getting a REAL Merchant Processing Analysis, call Merchant Processing Solutions
Call 954-938-2120













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