July 22, 2015

Credit Card Processing Audit

Credit Card Processing Audit Overview

Our Credit Card Processing Audit focuses solely on expense reduction within the payments industry. Our expertise and experience, coupled with our thorough expense reduction process, ensures a competitive advantage over other firms advertising similar services. Our two-phase approach to expense reduction is unparalleled in the payments industry. We correct the processing plan to reflect the most competitive plan type and rate, using formulated, specific asks of the existing provider. Our team then works with the client to further reduce the non-negotiable fees through processing optimization – where we help qualify payment transactions at lower interchange rates by passing through additional processing data.

Who Qualifies for Credit Card Processing Audit?

We have seen the highest success rate for merchants that process credit card transactions where the card is not physically present. This is referred to as a Card Not Present (CNP) environment, and includes B2B and ecommerce companies. Companies processing card payments between $1M and $20M on an annual basis typically have the largest potential savings opportunity. For card present locations, where the credit card is physically swiped at a terminal device, there may still be significant savings. As such, those types of merchants shouldn’t be overlooked or immediately disqualified.

    • B2B
      • Law firms focusing on corporate litigation and transactions
      • Corporate accounting firms
      • Manufacturers
      • Distributors
    • Ecommerce
      • Online Retailers
      • Phone / internet / catalog orders

Minimum Requirements

Potential client must annually process in excess of $300,000 in card payment volume. Along with an executed Audit Services Agreement, client (or Advisor) must provide 4-6 recent monthly merchant processing statements in order to calculate the Baseline Processing Rate, used to measure future savings.

If your company meets these criteria then you have the potential to save on every transaction.  To get started with your Credit Card Processing Audit please contact us.