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

4.5 (659)

Jeremy Layton, BA (Business Finance)

Verisave

Monday, March 22, 2021 | 12:00 PM EDT

  • CPA Canada
  • CMA
  • CPA
  • CFE

1 Credit

FREE

Subject Area

Business Management and Organization

Webinar Qualifies For

1 CPE credit of Business Management & Organization 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

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This webinar is also available in self-study (On-Demand)

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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

4.5

(659)
57%
34%
7%
1%
0%

PZ

I was one of the people who answered N/A to everything, as I am an employee, and do not have business credit cards myself. But I have seen statements that clients have provided, and this helped to interpret those....to the extent that they are interpretable without a microscope! I'd have a better way to answer client's questions, and provide suggestions if they balk at their statements. I will point the seminar out to the owners of my firm. This was useful.

RR

The instructor and material/information were extremely helpful; as previously, I was an Internal Auditor in the Hotel Industry. One of the areas I wanted to review/evaluate was the propriety and accuracy of Merchant credit card processing transactions/fees through the Gateway system in use. Thanks for the insight.

MJ

I signed up for this course mainly for the CPE credit, but truly enjoyed the content and learned a lot of good information that could potentially help my clients.

SC

It was a great overview of a topic I know nothing about. Good information. The presenter was great, knowledgeable and easy to understand.

BM

So interesting, this was all brand new information to me, great to learn and presenter did a great job of engaging.

EB

Overall experience was good and everything was clear and helpful I can apply it in my work. to save my company money.