Saving money on merchant services

It is important to review your credit card processing statements on a yearly basis for any cost increases. Many processors raise rates and add fees with very little notice. It might just be a small line item at the bottom of your statement that tells of a raise in fees. Many times these fees can be removed by switching to a new processing company that is upfront about any changes.

Companies like Eagle Merchant Services only pass on direct increases from Visa and Mastercard. Many companies add extra profit on top of the price increases from Visa and Mastercard and blame it on them. By reviewing your statements yearly, you can end up saving hundreds, even thousands of dollars a year.

Look for excessive annual fees, compliance fees, supply fees, merchant club fees. These all add up to dollars you can be saving.