Accepting CBD Merchant Accounts!

CBD Oil is an unregulated product. It requires a knowledgeable merchant services
company that deals with high-risk to open and maintain open those accounts!  

Merchant Processing Solutions Inc. has been offering its CBD Merchants high-risk solutions for some time now. Unfortunately, up till now, its been laborious and difficult to get new accounts approved! Taking up to 6 weeks or more to get an approval only to find the processing bank "change their mind", and close the newly opened accounts! And in some instances the processing bank was off-shore and sent merchant payments monthly only!

Merchant Processing Solutions Inc. has now partnered with a high-risk company that offers approvals within a week to ten days; when all the necessary paperwork is provided up front! Once approved, the merchant can either offer retail sales or eCommerce. The rates begin at 3.5%! The merchant is also paid the standard 48 hours to their bank. 

If you are a CBD vendor or know someone, please have them call us @ 954-938-2420

You want it, We got it!

Choosing the right solution is the most important part of Merchant Services! 

Merchant Processing Solutions Inc. works with each of our merchants to help them decipher their current processing rates and fees, their current clientele as well as how they accept payments. This allows us to look for easier, cheaper ways to continue to accept credit cards as payments.

Most established merchants sign up for what they are told or think they need at the time of establishing their accounts. But over time, those needs evolve. Our industry has evolved; many rates are lower than 5 years ago. However, there are fees that have increase and knowing how to make sure you are navigating the murky waters of merchant services knowing what BEST works for you...........IS OUR JOB!

Please call us at 954-938-24200 if you fall into one of these categories:

1. If you are an existing merchant and have not had a merchant services review in more than a year
2. If you now need to capture more data from your sales like Emails/Phone #/ Purchase History
3. If you want to manage Inventory/Employees with your Point of Sale
4. If you want to expand your business to an online presence
5. If you are a service industry and want an alternative ways to get your clients to pay you; Recurring Billing or Invoicing
6. If you want to accept payments in-person "remotely" to save on rates
7. If you currently have multiple merchant processors and are paying separately for each account!  

Merchant Processing Solutions is here to access and help each one of our merchants find the right solution and get the best rates possible! We look forward to your call! 954-938-2420

Don't Just Click!

They are trying to steal your data! 

I have personally been SLAMMED by emails that say "YOUR ACCOUNT HAS BEEN CLOSED" or " WE HAVE PUT A STOP ON YOUR ACCOUNT"! I have also gotten fake Amazon and Apple invoices saying I have purchased something...... these are ALL FAKE! The perpetrators want me to click on their link and enter my personal information so they can steal me blind!!!!!

Phishing is the fraudulent practice of sending emails supposedly from reputable companies in order to induce individuals to reveal personal/business information, such as passwords and credit card numbers.

Industry experts found the following the TOP CLICKED messages with phishing Fraud: 

Personal Messages: 

• Surveys - 39%
• LinkedIn - 55%
• Facebook - 28% 

Business Messages:

• Microsoft/Office 365: De-activation of Email in Process - 14%
• Dropbox: Document Shared With You - 8%
• IT: Scheduled Server Maintenance – No Internet Access -  7%
• Slack: Password Reset for Account

Just don’t click

Mark Carl, CEO at ControlScan, Merchant Processing Solutions' PCI Compliance provider for fraud protection for our merchants, cited threat intelligence and multifactor authentication as essential protections against malicious email attacks. Email is the primary tool we have in business, but it’s also the most high-value target for an attacker, especially if you’re using Office365 and/or SharePoint to store all your company files.

Following are some of the top 10 phishing subject lines:

• SharePoint: Approaching SharePoint Site Storage Limit
• Microsoft: Anderson Hauck has shared a Whiteboard with you
• Office 365: Medium-severity alert: Unusual volume of file deletion
• FedEx: Correct address needed for your package delivery on [[current_date_0]]
• USPS: Your digital receipt is ready
• Twitter: Your Twitter account has been locked
• Google: Please Complete the Required Steps
• Cash App: Your Account Has Been Closed
• Coinbase: Important Please Resolve Error Now
• Would you mind taking a look at this invoice?

High-cost attacks, low-cost prevention

FBI investigated more than $12 billion in losses in 2019 and that, according to IBM Corp. statistics, the average financial cost of a data breach is $3.86 million. Phishing attacks are growing at a rate of 65 percent a year.  In 2019 alone, 76 percent of businesses reported being victimized by phishing schemes, and Verizon’s 2019 Data Breach Investigations Report found that 30 percent of phishing attacks are successful!

What can you  do? 

• People should look at the sender's email address if it is not know, delete. 
• Make sure your personal email has Malware Protection along with Virus Protection
• Check into services that offer "phishing" software if you believe you are being attacked

• Businesses should look at add-on software for Microsoft Outlook that checks incoming emails for signs of ransomware, phishing and fraud. Business that use these add-on software will receive an email that shows signs of ransomware, phishing or fraud are automatically warned within Outlook and given reasons for the warning.
• Businesses should train their employees to understand what "phishing" looks like and what to do if they like there may be an attempt. Companies have used simulated attacks, to help them identify potential threats and email scams while demonstrating how easily attackers can gain unauthorized access to an organization’s network. 
• Phishing emails are frequently used as a delivery system for malware. Attackers embed links in emails that appear to be legitimate. ControlScan, the PCI Compliance Company used by Merchant Processing Solutions Inc, is a managed security service provider, and provides fraud protection services designed to meet specific requirements for most companies.

Merchant Processing Solutions Inc. partners with ControlScan to make sure our merchants' accounts  are PCI Compliant. That means our merchants have been educated and trained how to prevent fraud within their business transactions! As you can see from above, 76% of businesses are being attacked. Make sure it is NOT YOUR BUSINESS! Call us for more information on how to protect your company from phishing and other fraudulent acts! Call 954-938-2420

 

Customer Service is #1 on your customer's list of importance!

“De-risking Risk” - D.E. Nash Running a small business is a risky business. The probability of a small business lasting for more than five years is about 15% according to Doug Hall, author of “Jump Start Your Business Brain”. But there are tactics and strategies that, when diligently implemented, will substantially increase your odds of success. Perhaps the best way to increase the odds of success is by providing your customers with a unique customer experience that will dramatically differentiate your company from the competition. This alone, according to Hall, will increase your probability of success to 53%. Bernd H. Schmitt author of “Managing the Customer Experience” says, “In a recent survey, customer experience was identified as the single most important differentiator between the best and the worst in an industry.” The customer experience movement was led by major corporations such as Disney, Bass Pro Shops, Southwest Airlines, Zappos.com, Amazon.com, Nordstrom and many other creative businesses. But in reality, it’s the small business community that can more quickly exceed the needs of consumers.  As a small business owner, you know that you cannot outspend the competition, but you can certainly outthink them…and, that’s all it takes to create a memorable experience that turns your customers into your sales force.  How do you get started? Bring together a handful of your best customers, a couple of suppliers, a few business owners from other industries and, of course, your employees. Provide them with pizza and beer and you now have the makings of a fun-filled brainstorming session. Then ask them to help you answer one simple question, “What can we do to add value to our customer relationships by providing them with an unforgettable experience every time we have contact?” The answers to this question will bring measurable results as discovered in these recent surveys: ·    80% of Americans agree that smaller companies place a greater emphasis on customer service than large businesses.   (Source: American Express Survey) ·    3 in 5 Americans would try a new brand or company for a better service experience. (Source: White House Office of Consumer Affairs) ·    Almost 9 out of 10 U.S. consumers say they would pay more to ensure a superior customer experience (Source: Customer Experience Impact Report by Harris Interactive/RightNow) ·    7 in 10 Americans said they were willing to spend more with companies they believe provide excellent customer service. (Source: American Express Survey)

    Courtesy of our business partner; The Weston Florida Chamber of Commerce and well worth sharing! 

   If you are looking to partner with a merchant processing company that truly cares about your business. Call Merchant Processing Solutions @ 954-938-2420! 

Payment Acceptance Trends for 2020

Most companies today have Mobile App to make it easier for their
customers to purchase and payment for their products and services! 

1. Payments will become invisible for a seamless customer experience.

The customer experience has been either; going to a store, or shopping online where you entered your information on a checkout page or physically handed a credit card over to a clerk for payment. Now, with invisible and embedded payments, those experiences are starting to blend. Customers will not have to input information to pay as it can be loaded into eWallets or added to Mobile Apps for immediate payment link Uber or Starbucks. Online stores like Amazon make the checkout process almost invisible when all you have to do is a single "click" and your order is complete and paid! 

Solution: Call Merchant Processing Solutions Inc. to see set up your company with its own mobile application and your customers can add their credit card and make purchases with ease, creating a more pleasurable shopping experience and more sales!   954-938-2420

Most businesses have an eCommerce Website either for
payments alone or a full shopping experience!  

2. Access to Payments will become the standard.

Companies are making payments easier for their customer by embedding payment buttons to Invoices, emails, Websites, and Text to Pay. Waiting for payment is not financially smart for businesses. The main reason is that the customer has to create a check and mail it or they have to go somewhere and pay. Making it easier for your customers to pay will increase a businesses revenue stream!

Solution: Call Merchant Processing Solutions Inc. to see how you can add a gateway to your website or embed other payment options to your existing communication to capture more customers. 954-938-2420

Gen Z will make up 40% of all Global Consumers starting in 2020!

3. The digital generation will begin its prime spending years.

Last year, Millennials and Gen Z represented approximately $350 billion U.S. alone in purchasing power! In 2020, Gen Z will account for 40% of global consumers. This drastic shift has implications for ALL BUSINESSES. To stay in the hunt for these demanding consumers, most of whom have grown up with the Internet, businesses will need to innovate their use of payments and become fully digital.

Solution: Call Merchant Processing Solutions Inc. to see how you can make it easier for the digital generation to purchase from your business. Creating multiple payment points will help attract more of the digital customers to increase revenue. 954-938-2420

Growing Businesses can no longer chase after delinquent customers!
They use digital invoicing to get paid quicker and grow their business!

4. Invoicing for small- and medium-sized businesses will transition to digital.

It’s not only payments that are evolving but the activities associated with getting paid are also rapidly changing. Digitization of invoicing and account receivables are a major payments trend for 2020. Businesses are simplifying how they bill their customers and getting paid quicker which ultimately reducing costs.

Digital invoicing has been around for awhile but the B2B industry has ignored it preferring to continue to wait for the "paper checks in the mail"! In today's economy, paper billing systems are slower, costly and lead to more mistakes or outright lack of payment by the customer! Things are changing, and many companies will embrace that change and switch to digital invoicing in 2020.

Solution: Call Merchant Processing Solutions Inc. to get set up for digital invoicing and payments. See how you can make it easier for your customers to pay your business. Creating multiple payment options like: Recurring Billing, Website Payment, Invoicing and Click to Pay will help improve your accounts receivables and grow your bottom line! 954-938-2420

Merchant Processing Solutions Inc.

Building Relationships Not Just Transactions! 

954-938-2420

Merchant Processing Solutions is a Google 5 Star Company!

Merchant Processing Solutions is a Google 5 Star Company! 

Merchant Processing Solutions is a 5 Star Review company listed here! 

In the United States, a five-star rating system is often used by independent organizations like AAA to rate a hotel. One star is the lowest rating, and five stars is the highest score..... We realize that this 5 Star Rating is actually based on reviews by our Merchants/Clients but so are hotels and restaurants! Would you go to a 1 Star Restaurant for dinner? 

We are very honored that they appreciate the way we do business with them that they have gone out of their way to write reviews! We feel our positive reviews are based on our honesty, integrity, local presence & best in class customer service approach. We pride ourselves on a transparent and fair pricing model in the merchant processing industry. We believe in Win-Win with our merchants; if they grow, we are grow. Over the past 13 years we have seen less than 3% attrition from our merchants! 

If you can't write a 5 Star Review for your merchant services company, call us! 

Merchant Processing Solutions Inc.

954-938-2420

A Time For Thanks!

As Thanksgiving approaches, we are reminded of all of our business blessings! 

Stephanie, Claudia, Camilo, Yamilet & Carolina
(From left to right)

What makes a good company relationship? Most customers to any service would say a good product/service, good customer service and responsive/caring people to deal with. When these basic business relationship needs are NOT MET, companies loose clients. According the Payments Journal, a payment industry advisory group, the average "churn" or turnover rate in the merchant processing industry nationwide is between 12% - 15%! Most of this is due to unmet expectations, poor customer service and uncaring reps.

Proudly, Merchant Processing Solutions stand at between 2% - 3% churn since 2006! We have kept our merchant partners happy, successful and growing! Without these wonderful merchants that trust us and keep referring us, we would not be as successful as we are. For this, we thank all of our merchant processing partners and vendors that have remained with us since 2006!

Merchant Processing Solutions is proud to have raised more than ten thousand dollars in 2019 for local and international non-profits! As we have been blessed by our families, friends, merchants, and vendors partners, we want to make sure we recognize our global responsibility to GIVE BACK. It is not just talk with us. We host non-profit events, we are part of non-profit boards and are physically involved with non-profit activities throughout the year! 

Merchant Processing Solutions Inc. wishes to thank

all of our merchant & vendor partners a very

Happy Thanksgiving!

 

How to avoid CREDIT CARD CHARGEBACKS after the holidays!

Chargeback Disputes 

I know that we have talked about CHARGEBACKS before, but Merchant Processing Solutions Inc. wants to remind our merchants and all of our fellow business people that "buyer's remorse" is huge during the holiday season! 

A purchased product or service does not perform as desired...they want their money back! They overspent on the holidays and start to return products or cancel services! The gift was rejected by the intended receiver and needs to be returned but it might be outside the return time frame. What do people do? They get upset and do CHARGEBACKS! 

Accepting credit cards is very important to a business that wants to grow. It is said that companies see about a 40% increase in sales the first year after accepting credit cards over just cash and it grows from there! But with card acceptance can come the ominous "CHARGEBACK" issue! A CHARGEBACK is the return of money to a customer, initiated by the customer's credit card bank and used by the consumer to settle a disputed transaction against a merchant. 

The CHARGEBACK process goes like this: 

Step 1: A purchase occurs either in-person, online or mobile app. 

Step 2: Customer initiates the CHARGEBACK because of the following reasons:

• After the customer reviews their credit card statement they notice a charge they didn’t make.
• The customer did not get satisfactory resolve on a purchase return and they feel they were treated unfairly. 

Step 3: Customer initiates a CHARGEBACK with their credit card company. Once a customer initiates the CHARGEBACK process, the customer’s credit card bank reaches out to the merchant’s credit card company, asking the merchant to provide evidence to refute the claim. A letter is then sent to the merchant asking for the following things like invoices, receipts, proof of delivery, or anything else the merchant has to prove that the purchase was valid. The merchant also has to prove that they clearly displayed in the store, website, on the receipt, etc warranty or guarantees on the products or services. They also need to have full, clear terms to get a refund or return on their purchase. The merchant also must provide this information with a certain period of time. CHECK YOUR MAIL! 

Step 4: Decision time. The merchant submits via fax all the corresponding evidence to defend his position of NO REFUND. The merchant's processor/bank reviews all the proof provided by the merchant and they decide to reverse the hold on the funds in favor of the merchant or they return the money to the disgruntle customer!

Step 5: Customer is informed. At this point, the customer must accept the proof provided by the acquiring bank and either pay for the goods, or continue to dispute the purchase and begin a process known as arbitration. 

Step 6: Arbitration. If the issuing bank and merchant bank fail to come to an agreement, as a last resort, they enter what’s called the arbitration process. The arbitration process is governed by the issuing credit card company, and its decision is absolutely final.

The credit card company (Visa, American Express, etc.) reviews the proof provided by the parties and has the last word on who must pay for the charges. If a merchant loses the arbitration process, they may choose to seek recourse and repayment in a court of law, at their own expense.

How can you avoid CHARGEBACK? 

1. Follow processor protocol. Every credit card processor has its own protocol when it comes to accepting credit cards,be sure to check the expiration date and enter the security code on the front or back of the card. You may need additional info like:

1. Receipts - Some processors may want additional identity confirmation like front and back of credit card, driver's license and a signed letter authorizing the use of that credit or debit card online. Digital signature or social media profiles. 
2. Valid proof of shipping and signature or receipt from the customer.
3. They will also look at the receipt to see that it has Terms of Refund or "Final Sale" 
4. They will also look at your website if purchase was online to make sure that your clearly state your Refund Policy, Warranty/Guarantee Policies! 

2. Make sure that your business information is clearly shown on all customer documents including: 

• Merchant name, address, phone number, website, customer service number.
• Make sure you put the name of the business that the customer knows like: Office Depot and not JJ Enterprises LLC! 
• Make sure that any purchasing customer clearly knows the name of your business so they do not initiate a CHARGEBACK because they have NO IDEA who you are!

3. Get it in writing. Make sure that you require customer to sign all receipts to protect yourself. Have  customers sign documents that clearly spells out the specific services being provided and whether there are any refunds on the product or service. Accept signed contracts via fax, email, Text or mail. DO NOT PROVIDE THE PRODUCT OR SERVICE UNTIL YOU GET THAT SIGNATURE! 

4. Deal with customer service issues promptly. The best way to avoid losing a CHARGEBACK is to make sure your customers understand the return policy. Secondly, when they contact you about a problem, make sure your customer service people/you listen and try to negotiate the issue as a WIN/WIN for both parties! Remember, if you don't work it out, you might get a CHARGEBACK and lose the money. And you will DEFINITELY have a disgruntle customer that can hurt your business! 

5. Learn to spot warning signs of fraud. Look out for people using fake credit cards, ID Cards. Make sure you send product to the place of business that is registered "legally" to your customer. NO PO Box. If you choose to send to a PO Box request a WireTransfer! 

6. Train employees to properly accept both card-present and card-not-present transactions. A man trying to use a female's credit card is not a good sign! At that moment, request to see an ID that proves they have permission to use that credit card. NOT SALE IS WORTH GETTING A FRAUD CHARGEBACK! 

7. Keep good records. Keep all receipts and signed customer documents for at least 180 days from the date of purchase. This is how long a customer has to dispute a charge. 

8. Fight back when it makes sense. Each CHARGEBACK not only gets your money taken away for an undisputed transaction, but the credit card bank charges between $25 - $35 for each dispute. If you end up with a history of CHARGEBACK your merchant account may be shut down and consequently you will be only able to open an account with a "high-risk" provider at a much high rate! You NEED to devote the time and resources to each and every CHARGEBACK you get. 

Merchant Processing Solutions Inc reminds you to put into motion ALL YOUR REFUND POLICIES TODAY, whether on your website, receipts, or printed on signs near registers. Train cashiers to remind customer of how many days they have to return purchases, if any. We are here to help our merchants have a GREAT Holiday Season! 

Call Merchant Processing Solutions for more information: 954-938-2420

Our Customers say...." We have heart!"

It is always gratifying when we see a customer and they offer to give us a video testimonial! I wonder if other merchant services reps get that????? Anyway, we are so proud that our customers like us...
REALLY!

Mike Etemad from AutoMax of Hollywood, Fl.

Although today's testimonial is about Stephanie Cates, our partner rep with Merchant Processing Solutions Inc, but we pride ourselves that we all have the same type of relationship with our merchants. We truly believe we have a partnership with each person with work with. We look for ways to help them save money, we help them when problems arrive, we help them grow their business by showing them the latest technologies and industry ideas.

If your merchant processor or rep is not YOUR PARTNER,
give Merchant Processing Solutions Inc.  a call! 954-938-2420! 

What is Interchange Plus Pricing?

Interchange plus pricing is a credit card processing pricing structure that separates the components of the merchant processing costs and create transparent reporting. The  interchange plus pricing allows for lower processing costs; compared to tiered or bundled pricing models. 

Merchant Processing Solutions Inc practices this honest, fair and transparent pricing method. But what is it?

---

What is Interchange? The Credit card processing rates set by the card brands (Visa, MasterCard, Discover). No merchant processing company can change or impact those set rates. Click on the link below to learn more about the hundreds of credit cards each with it's own negotiate rate between the issuing bank and the selected Brand.  

Visa interchange rates

MasterCard interchange rates

What is interchange plus or Pass-Through Pricing?
Interchange plus is a merchant account pricing model that has a fixed markup by the actual processor on top of the interchange fees (wholesale fees) published by Visa®, MasterCard® and Discover®. The “Plus” refers to the processor’s markup that’s applied to each credit card transaction. The markup is typically expressed as basis points or a fraction of a percentage.

Basis Points
A basis point is equal to 1/100th of a percentage point. 

Example: Visa’s current interchange fee for a swiped consumer credit card is (1.54% = 154 basis points). The merchant processor the merchant hires offers a flat fee on top of the set Visa Card Rate of .30% or 30 basis points of 30/100 or less than 1/3 of 1 percent.

Basis Points are X/100 to determine percentage. 100 basis points = 1% 

Is interchange plus (X basis points) the most cost effective way to process?

Absolutely! If a credit card processor offers you Interchange Plus, they are going to pass on to you the actual Interchange Rate on each credit card by each Brand. You CANNOT negotiate the Interchange Rate but you can negotiate the "PLUS" from the processor. Here is where you must see how many basis points is the markup; the lower the better! 

But merchants, it’s not only getting Interchange Plus Pricing Model, it's also making sure there are no other fees of additional Basis Points or fees being added!. If you simply focus on the basis points markup, you may miss other very important differentiators like the following:

• Minimum monthly Service Fee: usually $25
• Monthly Service Fee: usually $20
• Authorization Fees/CPU Fees and more than add up on each transaction
• A contract with a hefty cancellation fee
• PCI Compliance Fee (annual and monthly fees)
• Additional Basis Points that may be unknown but also going to the processor 

Is Interchange Plus Pricing Model for all types of business? 

Yes, however, a merchant needs to understand that there are several business types; Retail, Mail Order/Telephone Order, eCommerce, Point of Sale, Mobile. There are two main processing methods: Card Present/Card Not Present. The Interchange/Wholesale Rates for Card Not Present processing method is higher because of the potential for fraud to be present in those transactions! And lastly, the more entities involved in the transaction process like a bank/brand/processor/rep/etc. The higher the basis points can be because all those entities want to get a piece of your costs!!

How does the interchange plus pricing work? Examples:

$40.00 (Sale) x .05% (Debit Card Visa) + .30% (30 basis points) = .35% Rate                                Total Processing Rate: $.14 

$40.00 (Sale) x 1.40% (Credit Card MasterCard) + .30% (30 basis points) = 1.70% Rate          Total Processing Rate: $.68 

 $40.00 (Sale) x 2.25% (Rewards Credit Cards Visa) + .30% (30 Basis Points) = 2.55% Rate   Total Processing Rate: $1.02

What are the benefits of interchange plus?

Interchange plus is the most transparent, cost-effective form of merchant account pricing. By passing interchange fees directly to merchants with a fixed markup by the processor, surcharges and hidden costs are generally eliminated. Depending on the markup, interchange plus pricing will yield a substantial savings over the same processing volume when compared to other pricing models such as tiered, bundled or enhanced recover reduce (ERR). 

How can I tell if I am offered Interchange Plus Pricing? 

Interchange plus is presented on the application as Pass-Through. Not Tiered or Bundled or ERR! You must also ask to see the basis points! 

*Recently, I was trying to win over a new customer by explaining Interchange Plus Pricing. He insisted he had something better a flat bundled rate of 1.29% on all transactions! After asking how that can happen when some cards are as high as 3.50% on Interchange/Wholesale and what company would take such a loss, he gave me a statement. We immediately realized that he was indeed getting 1.29% (129 basis points on top of the Interchange/Whole Rate of Visa/MasterCard/Discover!!! That is almost 1% over the normal rate! Once he understood that, we easily won his business!! 

Merchants are becoming more savvy on costs, merchants that stay away from their banks can negotiate good rates for Interchange Plus Pricing or Pass-Through Pricing. They can also negotiate no contract or cancellation fees and more! Don't be fooled by fast-talking sales reps that only jot down rates on a piece of paper. Give them your statement, get an "apples to apples" comparison. If you like what you see, have them sit down and go over the contract!  Don't be fooled, it is a contract, not a hand-shake! They will NOT LET YOU OUT OF YOUR CONTRACT IF YOU HAVE ONE! Avoid leases too unless it makes sense for your company! Interchange plus or Pass Through has the potential to save you money on your processing fees but it not a guarantee. 

If you like what you have read, call Merchant Processing Solutions Inc and get an true statement analysis, understand where and how your processing works and then let us show you how you can save money! Call Today: 954-938-2420

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. Like chargebacks
2. PCI Compliance Penalties
3. Unusually high or low transactions
4. 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