Similar to our nation's tax code, the Interchange Rates and qualifications for businesses that accep credit cards will continue to increase in 2010, adding to the complexity and confusion in credit card processing costs.
Some of the scheduled changes for April of 2010 include a 15% increase in Mastercard's Assessment fee from a current level of 0.095% to 0.11%. Mastercard is also revising the qualification criteria for Commercial Face to Face and Commercial Data Rate II transactions, making it more difficult for businesses to qualify for preferred rates in these categories.
The changes above and the continual addition of new rate categories, ever-changing qualification procedures and the resulting increase in costs to businesses is why Financial Mitigation Services is greatly appreciated by our clients. Each month, our analyst team performs a detailed analytics review of our clients' processing charges and protects our clients from paying more than they should to process credit cards. A vast majority of businesses will be unaware of these changes and how they affect their costs. Financial Mitigation Services clients will be armed with the tools and knowledge to combat these price increases.
To learn how Financial Mitigation Services can help your business minimize the cost of accepting credit cards, visit our website at www.FinancialMitigationServices.com or call us at 1-800-797-5642.
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