CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Merchant Account Nightmares: The Shady World of Credit Card Processing Fees

4.6 (431)

Jeremy Layton, BA (Business Finance)

Verisave

  • CPA Canada
  • CIA
  • CPA
  • CVA
  • CFA

Published: September, 2020

1 Credit

FREE

Subject Area

Finance

Webinar Qualifies For

1 CPE credit of Business Management & Organization for all CPAs

1 CPE credit for Certified Internal Auditors (CIA)

1 CPD credit (Verifiable) for Canadian CPAs

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • Our Background
    2 mins
  • Top acquirers processing bank
    10 mins
  • An alternative format of reporting
    24 mins
  • Why do companies change processors?
    30 mins
  • What your staff need to be adapt at?
    40 mins
  • Grading your account
    47 mins

Course Description

Merchant services, like payment processing, are vital for businesses today. Whether you’re a brick and mortar business or you conduct most of your business on the world wide web, the ability to accept multiple forms of payment enables you to remain competitive in today’s global economy, as well as locally in your community. In-spite of being so vital, every merchant is probably a little unhappy about the fact that they have to go through the hassle and expense of setting up a merchant account just so their customers can use credit cards. Having to pay the credit card processing charges every time a customer uses a card makes it even worse.

Deceptive statements, hidden fees, and broken promises are all too common in the world of credit card processing. The industry is notorious for taking advantage of merchants. If your business processes credit card payments from customers and clients on a regular basis, this webinar will help you to: 

  • Identify how much you are being overcharged on your processing fees.
  • Identify whether you're being gouged or, more rarely, getting a square deal.
  • Identify the hidden fees in credit card processing services. 
  • Various ways of saving dollars your credit card processing free

Learning Objectives

  • To examine several common merchant account statements and show you where the excess fees are hiding
  • To discuss the risks and pitfalls of going out to bid for your credit card processing business
  • To highlight the proper approach to managing an efficient merchant account

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeeper
  • CFO/Controller
  • Cloud Firms
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial CPA
  • Finance Pros
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Firm
  • VP Accounts
  • Young CPA

Testimonial

4.6

(431)
64%
29%
6%
0%
0%

SH

myCPE delivered a great webinar to improve my knowledge regarding this particular topic.

CW

na

AS

Great job. Very interesting subject matter.

RR

He confirmed what I had suspected trying to understand credit card statements -- they are extremely complicated and confusing.

AK

fantastic

LG

Great course!