Mastercard recently announced a new program aimed at encouraging small and medium sized business owners to pay for their utilities using a credit card. Under this pilot program, the cost to process credit card transactions for a utility has dropped significantly.
Visa and Mastercard often offer these types of emerging market discounts in Interchange Rates in order to encourage businesses and consumers to use credit cards.
Unfortunately, many businesses that could benefit from these credit card processing rate reductions are unaware of their existence and do not benefit. Their credit card processing vendor does not pass these savings on to them, instead using these rate reductions as increases in their own profit.
Financial Mitigation Services employs a team of experts that work on behalf of our clients to reduce the cost of accepting credit cards WITHOUT changing from your current processor.
