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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.
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:
While the current environment is no time to ignore cost-reduction projects, many businesses nonetheless will avoid or abandon these efforts in the coming year. Unfortunately, this neglect is especially true around credit card processing fees—even as transactions skyrocket following a year of decline. In this CPE webinar, Jeremy Layton will help us discover at current market conditions that have created a perfect storm of higher processing fees at a time when accounting teams don’t have time to manage them. As the economy ramps back up, cost reduction needs to be taken seriously. Join this webinar and learn how to effortlessly manage these projects.
Advisor, Verisave
Jeremy Layton started Verisave back in 2001 with the service of identifying and collecting overpayments made by their customers to their suppliers. In 2010 Jeremy noticed that most of his customers were paying a lot of money to process credit card payments. After digging a little deeper, he found that most of his customers were actually paying much more than they needed to and Jeremy was determined to help them reduce these fees. Over the past 10 years Jeremy has become an expert in all things relating to the credit card processing industry. In fact, Verisave saved its customers over $30 million on credit card processing fees.
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
1153 Ratings
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JB
Mar 25th, 2022
Great job Jeremy! Your presentation was easy to follow, made great points, provided quality analysis of the overall impact in the economy. I commend you for your commitment to long-term. There is much pressure from banks to set up as many customers as possible on the "visa" payment program; why would anyone do that? I am a former employee of a cc processor and accuracy is not a core value.
BM
Mar 11th, 2022
I am working on a project at work related to credit card fees so I appreciated the information provided in the Webinar to get more understanding on the topic. I just won't typically use it in my daily work.
MR
Sep 27th, 2021
The webinar was very informative. I have a client who may benefit from Verisave. I'm going to relate what I learned from the webinar today. Also, I never saw the 3rd polling question.
MEM
Apr 4th, 2022
I consider myself fairly knowledgeable regarding credit card transaction fees but learned quite a bit from this presentation. Very well presented with excellent examples.
BP
Aug 22nd, 2022
Good information even though l am person that would only use a small amount of credit transactions it opened my eyes to the deception.
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