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

4.3 (1066)

Jeremy Layton, BA (Business Finance)


Monday, June 21, 2021 | 12:00 PM EST

  • CPA
  • CMA
  • CPA(Canada)

Credits: 1 CPE | 1 CE | 1 CPD


Subject Area


Webinar Qualifies For

1 CPE credit of Finance for all CPAs

1 CPE credit for Certified Management Accountants (CMA)

1 CPD credit (Verifiable) for Canadian CPAs

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Additional Dates

Feb 01, 2021 | 12:00 PM EST Register
Feb 15, 2021 | 12:00 PM EST Register
Mar 01, 2021 | 12:00 PM EST Register
Mar 15, 2021 | 12:00 PM EST Register
Mar 29, 2021 | 12:00 PM EST Register
Apr 12, 2021 | 12:00 PM EST Register
Apr 26, 2021 | 12:00 PM EST Register
May 10, 2021 | 12:00 PM EST Register
May 24, 2021 | 12:00 PM EST Register
Jun 07, 2021 | 12:00 PM EST 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 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?

  • Bookkeeper
  • Accountant
  • CFO/Controller
  • Business Owner
  • CPA - Mid Size Firm
  • CPA - Large Firm
  • Accounting Firm
  • CPA (Industry)
  • Young CPA
  • Outsourced CFO
  • Finance Director
  • VP Finance
  • Chief Accounting Officer
  • Entrepreneurial Accountant
  • Accounting Managers
  • Staff of Accounting Firm





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


Very informative content! Learned the tactics to save the processing fees which will be beneficial for me and my clients.


Thank you for sharing the valuable information on the credit card processing industry. Learned a lot about the fee structure of credit card and ways to eliminate inflated processing fees


it taught alot of new things that i didn't know before taking the course