During the time when your business has been down due to the slow economy also as your costs are rising for accepting a card? Yes, your rates and fees you the business owner pay may go up, way up depending on who you do business while using.

One Online Casino & Gaming High Risk Merchant Accounts Services processor announced had been raising their rates by .27%!! What a huge increase. But it doesn’t stop right now. I’ve seen several other companies hop on the bandwagon and announce they have raised their rates additionally. The largest increase I’ve seen so far has been many.45%. So if you were paying 2% you will be paying 2.45%.

Please keep inside your this is not Visa, or MasterCard raising their rates, it is the Merchant Services Processing companies!

Time to get your Statements out!! You ought to have received these your past mail by now. In the last paragraph on finally page of your statement is where they usually disclose (hide) the rate increase. It are sometimes % the rates are going up and/or a transaction fee ($.xx) increase. Furthermore, it states that in the event you continue to process with the company May 1st an individual agreed to their rate increase.

It may appropriate time to shop around for a different Merchant Services Provider if your current company is raising your rates. There are various of Merchant Services Providers out there that are not increasing their processing rates.

I’m frightened at the number of business or those in control of the books for companies, who don’t even bother opening their statements anymore! This industry is very broken and quite a few of the processors have made their statements so confusing and hard to read, that salespeople quit opening items. This gives these companies a real easy way to increase rates and fees since all the alerts and communications are on the statements.

I have held it’s place in the payments processing industry as a executive (OK salesman, but account executive sounds better) for over 9 years. Amongst the things I’ve learned is there degree of complexity of games being played at your expense.

It is necessary to process credit score cards as efficiently as possible so itrrrs possible to reduce the fees you pay. A lot of the fees provided for can be avoided if you know what to look for.