Why do businesses overpay for accepting credit cards?

Financial Mitigation Services assists companies in lowering the cost of accepting credit cards without changing from their current processor.

Of the last 1,000 companies that FMS has analyzed, over 70% are paying substantial unnecessary fees to their processor. Why do businesses continue to pay unnecessary merchant account fees when there is a simple alternative?

1. The credit card industry has an extremely convoluted and confusing billing structure. Most businesses do not have the time or resources to fully understand how and why they are being billed the way they are for accepting credit cards.

2. The credit card processing industry is largely unregulated. There are thousands of processing companies each charging a different profit percentage for their services and billing in a different manner than their competitors. It is extremely difficult for the business owner to compare plans from two different processors.

3. Businesses do not have time to fully analyze this cost category on a monthly basis. Because of the complex billing structure, it is very time consuming for a business to determine if they are being billed correctly or if there are alternative billing plans that would be advantageous to them.

TIME - EXPERTISE - EXPERIENCE

These three items are the primary reasons that businesses across the country are substantially overpaying to accept credit cards.

Financial Mitigation Services focuses on the credit card processing industry exclusively. It is all that we do. We compare plans from thousands of businesses across the country to make certain our clients are below market level rates. We interface with processing companies several times a day. We spend hours every month on behalf of our clients analyzing their costs and looking for savings potential.

If you are paying to process credit cards in your business, it will pay to have FMS analyze your cost structure - guaranteed.