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Merchant Account Providers practice unethical billing in various ways, but some don’t stop at a hidden markup in wholesale costs or forgotten Interchange refunds on returns. Some providers go as far as increasing your processing fees for the volume you process in a given month.READ MORE
So far, we’ve covered how some Merchant Account Providers practice unethical billing when charging you, but providers can also be deceptive when your business runs a return. In part five of this series, we will uncover how some providers intentionally fail to reimburse Interchange on returns.READ MORE
Due to the complexity of billing statements, many Merchant Account Providers practice unethical billing. In part four of this series, we will reveal padded dues and credit card assessment fees: another way providers make money by hiding fees from their customers.READ MORE
So far, we’ve discussed how many Merchant Account Providers exhibit unethical practices by charging unnecessary or hidden fees. Some providers take it a step further by failing to mention best practices or not offering updated processing terminals to ensure you are getting the best processing rates possible. Hence the topic of this post’s unethical practice: downgrades.READ MORE
Some Merchant Account Providers take advantage of their customers and charge unnecessary merchant credit card processing fees. In part two of this series, we will identify seven unwarranted merchant service fees your provider may be charging you.READ MORE
Unfortunately, many Merchant Account Providers practice unethical billing and lie about the fees they charge you. Billing statements are intentionally complex to keep customers from finding hidden fees.READ MORE