Tuesday, January 17, 2023

Merchant Strategies to implement in 2023!

Merchant Processing Solutions has always been a "merchant advocate"! We want our merchants to know they are paying the best rates with the best solution to meet their business needs! It amazes us to see so many of our potential merchants come to use with inappropriate equipment for their business model, terribly high rates and huge payoff contracts! We want 2023 to be a better year for you, starting TODAY!

Merchant Processing Statements can be very confusing! 
We take the mystery out of them! 


Analyze Your Current Statement (you can whiteout the processor name and account#): 

  • Let us show you where you are overpaying and can save money. 
  • We would also need to know the type of equipment you are using with that company. Many businesses don't realize that older terminal are no longer offering you good rates due to no being updated properly.
  • There are also new payment acceptance methods that don't require terminals or high cost POS Systems. We would give you some options.
  • We also need to know how you interact with you customers (in-person, online, invoicing, remote)

Make A Change or Adjustment to/with your current merchant processor: 

  • Obviously, Merchant Processing Solutions Inc. would love to earn your business and keep you as a client forever. But the reality is that many merchants have contracts with steep penalties to get out of those contracts! We can help you understand how much you are paying now and how to negotiate with your current processor to potentially lower your costs.
  • If your processor does not wish to lower your costs, your potential savings with another company, like ours, might off-set any contract cancellation fees! This would be another choice for you.
  • Merchant Processing Solutions would offer you rates and suggest equipment options to meet your business needs and budget! 


Card Fellow Report on Heartland PCI Fees


Monitoring your merchant statements is HUGE! 

  • We can't tell you the number of times people tell us their rates only to find out that those rates are from when they signed up with their processor! However, 2-5 years later they are paying almost double! 
  • We are a concierge merchant processing company catering to the needs of our merchants. We help them understand their monthly statements and help them dispute anything from wrongful fees to Chargebacks! 
  • Recently, a merchant told us he had NEVER seen his statements because they were somewhere online and he could NEVER get anyone to explain how to see them! RIDICULOUS! It's your processors job to give you ALL the TOOLS you need to run your business successfully! 
  • This same merchant was told he NEVER did his PCI Compliance and had incurred monthly penalties of $125 each month. (This is higher than the average) Even $29 each month (average fee) due to neglect by your processor who did not advise you on how to complete or the consequences of not completing is unprofessional! 

Your merchant account is your responsibility to manage. However, you are NOT an expert and know how! We are the experts that would like to be your consultant and partner for your processing needs. If you don't have a true partner, helpful, accessible, informed and professional...call us! 

Merchant Processing Solutions Inc.

954-938-2420


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