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Credit card history.6 mins
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Semi-Annual Updates17 mins
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How you get notified.20 mins
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Acting with impunity.25 mins
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When merchant accounts go wrong.46 mins
Published: October, 2021
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.Â
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:
This online CPE webinar is recommended for CPA, CMA, CVA, and all the finance professionals involved in managing the business finance.
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.
Chief Executive Officer (CEO), 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.
Verisave is a seasoned auditing company that helps organizations identify and eliminate excess merchant processing fees. Since 2002, the Verisave team has served clients throughout the United States in a variety of industries by providing clarity and transparency in a complicated area of business. Our team of processing industry experts brings experience and knowledge to the table with one goal–to identify and implement measurable savings for your business.
237 Ratings
JCJ
Apr 12th, 2022
0
ABO
Apr 19th, 2022
Excellebt presentation. Learnt a lot.
TH
Feb 16th, 2022
good
SS
Feb 8th, 2022
Interesting subject. Would like to know the company size (amount of services paid by ccs each month) as I suspect I am way too small. But this will definitely help me keep an eye on fees and charges. Thanks!
MS
Apr 20th, 2022
Getting to the test was not easy nor intuitive
1 Credit
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