Coronavirus Update from IdealCost
By now, everyone very aware of the Coronavirus and its effects on healthcare and the economy. We don’t give financial advice, but we can clearly see that there are struggling companies. We want to give our input to help as much as we can so our clients and prospective clients can have peace of mind.
Is IdealCost Prepared?
Fortunately, last week we moved our team to remote work. Our custom-built platform allows for uninterrupted service regardless of where we work. Our clients should not see any delays, and our prospective clients shouldn’t see any change in our ability to respond to their questions. Regarding our ability to navigate a sensitive economic time, we formed our company in January of 2009 in the middle of The Great Recession. We are prepared to work in any financial climate.
How Can IdealCost Help?
Our goal is to drive down savings for our clients as much as possible. Seeing tough times in the business community truly hurts our hearts. We want everyone to be able to work through this tough time. Unfortunately, with economic uncertainty, we may see our clients’ sales decline, inventory might sit, and some may consider downsizing. Before anyone considers laying off workers, they should contact us to see if we can help mitigate such consideration by fee reductions of thousands or tens of thousands of dollars each month. The banks and credit card processors can undoubtedly spare a chunk of their profits to help their clients, but they need to hear the case made by companies like IdealCost.
Will Credit Card Processors Try To Increase Fees?
Yes. Anytime their clients might be distracted by outside factors, credit card processors will try to sneak rate increases past their clients. Unfortunately, with everyone focused on The Coronavirus, credit card processors have a perfect opportunity to hike rates and fees on clients quietly. IdealCost clients will be spared from these increases as we are used to the tricks credit card processors try to pull during the most vulnerable times.
Don’t Take On The Credit Card Processors Alone
Since 2009, IdealCost.com has helped hundreds of companies nationwide reduce their merchant account fees through identifying and fixing hidden profit, overcharges, fake fees, and billing errors. Clients have saved $300-$20,000 per month on their credit card processing fees without going through the hassle of changing their processing vendor, bank, or equipment. Switching credit card processors should be a last resort, only reserved for funding delays, poor customer service, or technical difficulties. Before you consider switching credit card processors, see if you qualify for IdealCost.com’s monthly savings program. Upload your most recent merchant statement for a free analysis. You’ll receive an estimate within 24 business hours.
If you are opening a new credit card processing account or switching credit card processors, feel free to contact us for a free consultation. IdealCost.com can help secure the best terms and fees based on your specific needs.