Merchant Account Nightmares: The Shady World of Credit Card Processing Fees
Total Credits: 1 including 1 Business Management & Organization - Non-technical
- Average Rating:
- 89
- Categories:
- Partner Produced | Industry
- Faculty:
- Jeremy Layton, BA (Business Finance)
- Course Levels:
- Basic
- Duration:
- 1 Hour
- License:
Description
Merchant services, like payment processing, are vital for businesses today. Whether you’re a brick and mortar business or you conduct most of your business on the world wide web, the ability to accept multiple forms of payment enables you to remain competitive in today’s global economy, as well as locally in your community. In-spite of being so vital, every merchant is probably a little unhappy about the fact that they have to go through the hassle and expense of setting up a merchant account just so their customers can use credit cards. Having to pay the credit card processing charges every time a customer uses a card makes it even worse.
Deceptive statements, hidden fees, and broken promises are all too common in the world of credit card processing. The industry is notorious for taking advantage of merchants.
Basic Course Information
Learning Objectives- Examine several common merchant account statements and show you where the excess fees are hiding
- Discuss the risks and pitfalls of going out to bid for your credit card processing business
- Highlight the proper approach to managing an efficient merchant account
Major Subjects
- Identify how much you are being overcharged on your processing fees.
- Identify whether you're being gouged or, more rarely, getting a square deal.
- Identify the hidden fees in credit card processing services.
- Various ways of saving dollars your credit card processing free
Course Materials
Important CPE Credit Information_READ BEFORE WEBCAST (484.4 KB) | 2 Pages | Available after Purchase |
Handout (1.6 MB) | Available after Purchase |
Faculty
Jeremy Layton, BA (Business Finance) Related Seminars and Products
Jeremy Layton started Verisave back in 2001 with the service of identifying and collecting overpayments made by their customers to their suppliers. In 2010 Jeremy noticed that most of his customers were paying a lot of money to process credit card payments. After digging a little deeper, he found that most of his customers were actually paying much more than they needed to and Jeremy was determined to help them reduce these fees. Over the past 10 years Jeremy has become an expert in all things relating to the credit card processing industry. In fact, Verisave saved its customers over $30 million on credit card processing fees.
Additional Info
Basic Course Information
PrerequisitesNone
Advanced Preparation
None
Designed For
CPAs, CEOs, CFOs controllers, finance directors and consultants
Original Recording Date
05/05/2021
Yellow Book No
Course Developer
MICPA
Date Added to Catalog
05/05/2021
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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