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10 Secrets the Credit Card Processing Industry Doesn't Want You to Know

4.4 (2249)

Jeremy Layton, BA (Business Finance)

Verisave

Tuesday, December 03, 2019 | 11:00 AM EDT

  • CPA Canada
  • CFP
  • CMA
  • CPA
  • CVA

1 Credit

FREE

Subject Area

Business Management and Organization

Additional Dates

Jul 05, 2021 | 12:00 PM EDT Register

Course Description

Every year, businesses pay $180 billion in credit card processing fees. These fees are convoluted, confusing, obscure, and often misleading. In this session, we will look behind the curtain of the credit card processing industry and show you how the card brands and banks operate, common red flags that could complicate your fee structure, and ways that you can reduce or eliminate unfair or inflated processing fees within your merchant account.

Learning Objectives

  • Understand the credit card processing industry
  • Learn how to read your merchant statement
  • Know where your fees are going
  • Discuss steps you can take to reduce your fees
  • Understand how much you're being overcharged

Who Should Attend?

  • Accountant
  • Business Owner
  • CFO/Controller
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • Finance Director
  • Outsourced CFO
  • VP Finance
  • Young CPA

Testimonial

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(
    [no_of_record] => 2249
    [average] => 4.3544
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4.4

(2249)
52%
35%
10%
2%
1%

VB

good insights provided on credit card surcharging issues. Also, the content was presented in such a way that it was easy to understand.

NB

I found this topic very interesting. I am going to approach 2 of my clients with the largest Credit Card usage to see if they would appreciate having an analysis performed on the their Merchant accounts. Novel approach to Merchant accountability.

KD

Data presented was informational but presenter didn't go into details as to how companies can edit set up with interchange to impact reduce their interchange fees. Info was really high level.

BM

Great webinar, learned a lot. I don't directly deal with this side of AP/AR in my current role but still helpful to learn and applicable if I move into a role on that team in the future.

KF

I love these webinars and I always learn something new. I can't believe they are free, they are better than the certain course I pay for and I will keep coming back.

BS

I work for Intuit as a Tax Expert preparing returns for self-employed clients. They need to know about the fees that are added on in addition to the 3% fee for offering the VISA or MC to their clients. Someone who paints my house will allow me to charge the amount by tacking on an additional 3% to pay for their fee. They don't know about the processors fees.