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

4.5 (816)

Jeremy Layton, BA (Business Finance)

Verisave

Monday, April 05, 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 Course is Also Available in Self Study (On-Demand)

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Additional Dates

Aug 02, 2021 | 12:00 PM EDT Register
Aug 16, 2021 | 12:00 PM EDT Register
Aug 30, 2021 | 12:00 PM EDT Register
Sep 13, 2021 | 12:00 PM EDT Register
Sep 27, 2021 | 12:00 PM EDT Register

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

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(
    [no_of_record] => 816
    [average] => 4.4681
)
 

4.5

(816)
56%
35%
8%
1%
0%

TM

I thought my company had an opportunity for savings in our credit card processing. This webinar confirmed it is worthwhile to take a look. Apples to apples rate & fee analysis is complex. I look forward to receiving my free Report Card from Verisave and see where to go from there!

CT

This was a very interesting webinar. I've never thought much about credit card processing fees. I don't deal with credit card processing fees in my line of work, but I found this topic to be particularly intriguing. I am glad I was able to listen in on the webinar today. Thank you so much!

DA

This webinar presented lots of valuable information to help me help my clients that do accept credit cards. It also showed me the way credit card companies deceive the merchants when getting them to sign up for their processing.

JC

Neither my firm nor the businesses of any of my clients are large enough to have significant merchant fee charges so this doesn't really apply to me but I am so glad to be made aware of who these processors operate

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.