Interchange Fees

Interchange fees. Now that’s something you don’t hear much about daily. Yet it is at the height of many business owners frustration. Unless you are truly business minded and profit conscience, you might not be too concerned with interchange fees, but you should be and here’s why:

In the U.S. alone, “interchange fees” are a booming business exceeding 1.3 TRILLION annually. I don’t know about you, but it sounds like this fee isn’t so little. Banks and credit card processors are saturated in your hard earned money.

Actually, the business of interchange fees has sparked such a controversy that a bill was introduced to the House and Senate in June of this year seeking to stop the unfair charge of these fees. As a small size business you should be aware of your profits padding somebody else’s bank account. You are being legally robbed of your hard earned capital!

On the other hand, with the complicated rules and complex interchange laws associated with interchange fees, it’s not exactly easy to understand how to recover your profits. Interchange experts are generally retained by Fortune 500 companies who have the “bling-bling” to ensure their “bling-bling” is protected. But where does that leave the smaller size businesses that don’t exactly have the funds to use interchange compliance to their favor?

Well up until now, they were “out in the cold” and that was their only option. But fortunately for them, interchange experts are at their finger tips today and it’s not going to hurt their pocket book one bit. [Hard to believe but it’s entirely true]

However, being a small business doesn’t mean having a small profit. So what are ways a business can improve their bottom line? I can think of only two. You either have to find a way to make more money or you have to find a way to retain more (by saving). We can help you with the latter.

It is vital to the U.S. that the small business man survives; and we want to help. There is virtually no other company today that offers to help smaller size businesses with reclaiming their profits that are currently being eaten up by banks and credit card processors.

The thought of retaining an “Interchange expert” sounds completely out of reach and not to mention very expensive (and most likely is when you’re dealing with a Fortune 500 Company). However, to find an interchange expert willing to provide the same knowledge of interchange compliance to help a small business cut their core costs and succeed like it does for the big businesses is absolutely unheard of. Yet it is a reality.

Right now we are able and have expert interchange knowledge to recover anywhere between 8 - 20% of your profits on a monthly basis. I can almost guarantee your processing statement will have hidden, inflated and unnecessary fees on it. Sadly, even if you have a phenomenal rate, it has little to do with the interchange fees you are being charged with on a monthly basis. People tend to generalize what a rate is and what it means in the credit card world. Since businesses have little knowledge on the topic, they tend to equate it with a mortgage rate. Here’s where they are miserably wrong and the reason they are losing revenue daily. To retain more of your profits we work with the bank and the processor programmatically and at the processors operational level. It’s somewhat complex and requires auditing of your statements on a monthly basis. Banks and credit card processors are aggressive and very clever. Remember the 1.3 trillion we spoke of earlier? It’s growing. So unless you take an aggressive step to reclaim your profits, you will continue to remain a statistic of over inflated interchange fees.

Here’s how our firm works: First we analyze your statement to see if we can save you between 8 - 20% and if you meet our additional criteria we will take your case. We don’t charge for this monthly service as we simply share in the profits recovered. For example, if we recover $200 monthly for you then we take $100 for our fees and we put $100 back in your pockets (we share in the saving on a 50/50 split). It’s truly a win-win opportunity for the profit conscience business. To begin is simple, just supply us with a copy of your merchants monthly statement, we analyze it and if you are a good case we take you. You then introduce us to your credit card processor and you're part is done - we take it from there.

Interchange compliance is powerful knowledge and generally retained for the BIG BOYS in business. Now it’s your turn small business… go get your slice of the interchange pie.

Mia Hernandez
Helping Small Businesses Succeed!