Businesses Not Getting Relief from Credit Card Processing Fees

As unemployment rates move past 10% and the economy is in the throes of the worst retail spending rates in our lifetimes, there is one business segment that continues to increase their profits. Credit Card Processing companies continue to thrive on increased earnings and growth during every year of the recession

  

MasterCard - "For the quarter ended Sept. 30, MasterCard reported earnings of $452.2 million, or $3.45 a share."

Visa - "Net operating revenues in the fourth quarter were almost $1.9 billion, a 10% increase over the year-ago period."

Heartland Payment Systems -

"Net revenues for the first nine months of 2009

were $315.1 million, up 11.1% compared to the first nine months of 2008."

"First Data Corp today reported its financial results for the second quarter ending June 30, 2009. Retail and Alliance Services reported revenue of $1.3 billion, up 8%."

The major credit card companies and processors continue to enjoy strong results despite lower retail spending, high unemployment and a stagnant economy. Part of the reason for their strong performance in this economy is that retailers and those businesses that accept credit cards continue to pay unnecessary fees and excess charges to process credit cards.

Financial Mitigation Services helps companies lower the cost of accepting credit cards without having to change processors or banks. We analyze our clients' cost structure in this area and recommend changes to recover these excess fees and put it back into our client's pocket, where it belongs.

Give us a call today at 1-800-797-5642 or email us at info@financialmitigationservices.com.