Published: December, 2019
Every year, businesses pay approximately $180 billion in credit card processing fees. These fees are convoluted, confusing, obscure, and often misleading. Credit card companies make money off cardholders in a wide range of ways and their income has been experiencing solid growth for years. They charge for
Credit card companies made 163 billion of these Incomes in 2016 from Businesses & Individuals. This money comes from the bank account of a business that happens to be your client or whom you work for. 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.
RECOMMENDED FOR :
CPA or Accountants or Tax Professionals: This webinar will give you insights on advising your clients on how to significantly reduce your credit processing fees and will help you in being a valued advisor.
CFO, Staff Accountants, Director of Finance, Controller: you are always expected to improve the bottom line of your company, this webinar will help you in understanding step by step how you can really reduce your company’s credit processing fees up to 50% and that too without switch processor.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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.
Chief Executive Officer (CEO), Verisave
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.
Verisave is a seasoned auditing company that helps organizations identify and eliminate excess merchant processing fees. Since 2002, the Verisave team has served clients throughout the United States in a variety of industries by providing clarity and transparency in a complicated area of business. Our team of processing industry experts brings experience and knowledge to the table with one goal–to identify and implement measurable savings for your business.
Sep 29th, 2020
I am an Enrolled Agent and was curious about this class. The information was easy to understand and if I was an accountant, I'd request that all my customers at some point consider having an Audit firm review their accounts if they accept credit cards.
Apr 8th, 2020
Very interesting information shared by Mr Jeremy Layton about the processing fees charged by the credit card industry in the businesses. It was very informative, and I will talk with my clients regarding this. Thank you, Mr. Layton!
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