CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

We've Been Deceived: Credit Card Processing Fees Are Out Of Control

We've Been Deceived: Credit Card Processing Fees Are Out Of Control

1 Credit

FREE

Subject Area

Finance

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 PL credit for Chartered Financial Analyst (CFAs)

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

1 CE credit of General Financial Planning Principles for all CFPs (CFP Board Approved : 8061) (Approval No. 293734)

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.

The topic is also scheduled as live webinar on the following dates

Nov 01, 2021 | 12:00 PM EDT Register
Nov 22, 2021 | 12:00 PM EDT Register
Dec 06, 2021 | 12:00 PM EDT Register
Dec 20, 2021 | 12:00 PM EDT Register

Overview

  • Credit card history.
    6 mins
  • Semi-Annual Updates
    17 mins
  • How you get notified.
    20 mins
  • Acting with impunity.
    25 mins
  • When merchant accounts go wrong.
    46 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.

Twice a year, Visa, Mastercard (and sometimes American Express) change the rules about how credit card processing fees are calculated. Sometimes, those changes can make a big dent in your profitability, and the updates that took place in April of 2021 were both drastic and deceitful. 

In this CPE webinar, we will discuss some of the strange tactics the card brands use to increase your merchant account fees and how other parties involved tend to abuse these rule changes. For any business that accepts credit cards, these fees are constantly on the rise.  In many cases, those fees can be avoided or reduced with the proper expertise.

This online CPE webinar covers the following key topics:

  • 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.

Learning Objectives

  • To determine the nature of the credit card processing industry
  • To recognize the cycle of processing fee updates
  • To summarize the history of interchange and other fee increases 
  • To identify ways in which these fees can be avoided or reduced

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Assistant Controllers
  • Business Owner
  • Certified Public Accountant
  • CFO/Controller
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Director
  • Finance Pros
  • Finanical Analyst
  • Staff of Accounting Firm
  • Young CPA

Testimonial

4.6

(13)
69%
23%
8%
0%
0%

DR

The self study was informative and shared information I didn't know before. My only feedback is that whoever creates the quiz questions needs to proof read because sometimes the words used were not at all what was meant to be said (for example "draw vs. drown" and "profile vs. profit" which are two different meanings and fortunately I just knew what they were trying to say in order to get the question answered correctly but it was a clear typo in the quiz responses.)