Modern businesses rely on debit and credit card transactions to thrive. Unfortunately, businesses are usually forced to pay obscene amounts of money for processors that enable such transactions. Merchant Advocate negotiates on your behalf to award you the best processing agreement possible, helping your business recover lost revenue.
- Determine Processing Fees:
High processing fees increase your business costs. The more you spend to allow these transactions, the slimmer your profit margin. The first step we take is to analyze how much you’re spending each month to accept debit and credit cards.
- Negotiate Lower Costs:
We help businesses increase their revenue from recovering otherwise lost revenue by working on their behalf to reduce the costs of debit and credit card transactions. Most businesses are unaware that they can negotiate credit card processing fees and, as a result, simply accept the default fees. However, in order to retain your business, credit card companies are usually willing to lower their costs, sometimes dramatically. Merchant Advocate can lobby aggressively to reduce your fees, saving your business money.
- Monitor Accounts:
Once we’ve negotiated the amount you spend, we monitor your account. This ensures that you’re saving money and prevents credit card companies from increasing their rates or charging fees based upon technicalities. Credit card processing companies often change their policies and billing structures, and most small business owners are too busy to notice. Merchant Advocate closely monitors your billing to ensure that you only pay what you agreed to pay.
By negotiating and successfully reducing your costs, we’ll help your business increase its monthly profit. Call Merchant Advocate at (732) 727-2073 to learn how we can increase the revenue of your New Jersey business.