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

4.4 (2215)

Jeremy Layton, BA (Business Finance)


Thursday, June 04, 2020 | 12:00 PM EDT

  • CPA Canada
  • CFP
  • CMA
  • CPA
  • CVA

1 Credit


Subject Area


Webinar Qualifies For

1 CPE credit of Finance for all CPAs

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Additional Dates

Jun 21, 2021 | 12:00 PM EDT Register

Course Description

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

  • Interest Income
  • Interchange Fees
  • Cash Advance Fees
  • Annual Fees
  • Penalty Fees
  • Enhancement Income

Credit card company made 163 billion of these Incomes in 2016 from Businesses & Individuals. This money comes from the bank account of business who 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.  In this FREE CPE WEBINAR we shall cover:

  • History of Credit Card and credit card processing industry.
  • Credit card industry: Understanding the structure.
  • Understanding the fee structure and who benefits from these fees.
  • How to mitigate fees without changing the credit card processor.
  • What is surcharging? And is it legal? Benefits and Drawbacks of credit card surcharging.
  • How surcharging should be done? DIY or basic methods that can help you reduce your credit card fees.
  • Merchant account audits – the higher saving approach.
  • How Merchant account audit proves to be beneficial for different Industries?
  • Involvement of different entities in Merchant Account Audits.
  • Understanding of Ideal Audit Process.
  • The working process of Verisave to reduce credit card surcharges.


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 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.

Learning Objectives

  • To attain the knowledge of the credit card processing industry
  • To identify various steps of reading your merchant statement
  • To identify where your where your surcharging fees is going
  • To identify various steps you can take to reduce your fees
  • To recognize 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


    [no_of_record] => 2215
    [average] => 4.3530




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


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.


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.


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.


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.


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.