Clearing target interchange at the lowest possible cost is quite a feat for most business owners. Yes, it’s possible to clear it, but are you overpaying and wasting precious dollars?
Successfully clearing target interchange for American Express, Discover, Mastercard, and Visa is like completing four obstacle courses at once. Each credit card company has its own unique requirements that are updated twice per year. If you’re busy running a business and still want some free time, you need an expert to help you stay up to date with all of this. And that’s OK. Below are some of the benefits of hiring an expert.
Enjoy discounted rates
I’ve spent my entire career in the home heating and fuels industry. In fact, I successfully lobbied Mastercard to reclassify home heating retailers into a low-risk utility processing category, resulting in billions of dollars of savings for industry leaders like you.
I dedicate the majority of my time to developing better payment processing strategies for leaders in the home heating and fuels industry. I can guarantee my work will benefit you. When you partner with an industry leader, you get cutting-edge results.
Understand fees
As a business owner, you’re responsible for paying interchange fees. It’s part of the cost of allowing your customers to pay with credit cards. More specifically, when your acquiring bank pays the processing fees, you’re required to pay them back.
Interchange fees vary by category, so it’s important to stay up-to-date with the current fees for your industry because they can fluctuate. Other factors impact interchange fees, including the processing method, card present, card not present, card type, and card owner to name a few. Keep in mind that corporate and government credit cards have their own interchange fees. To create the best optimization strategy, you must take all of these factors into account and go from there.
Fintech education
I offer Fintech Solutions that help create a unified, integrative payment system. With the right financial technology in your arsenal, you can improve efficiency and access greater savings.
To learn more about my services and experience, please get in touch. Visit my website or call (617) 843-5700. I look forward to hearing from you and can’t wait to help you develop the best payment strategy for your business.
