Why We Help Small Businesses Reduce Credit Card Processing Fees
With many small business services available to offer, why do we specialize in reducing credit card processing fees? While most companies have a mission statement, we simply have a mission.
Credit card processing is one of the least regulated small business financial services. Sales representatives can virtually say or do anything without any regulatory, civil, or criminal repercussions. The top lawyers write the service contracts in the country for the benefit of one of the country’s biggest banking-related industries.
Our team has dozens of years of industry experience and saw firsthand many of the tricks, cheats, and shortcuts used to scam small businesses out of their hard-earned money. Remember, credit card processing is largely a commodity, and there are very few differences between credit card processors. Since every merchant account is basically offering the same service, and there is no risk for lying or scamming, the industry virtually incentivizes dishonesty. We support small businesses because they have limited options to avoid getting a bad deal.
We started IdealCost in early 2009, at the height of the Great Recession because we saw companies laying off workers and closing their doors on a daily basis. Every dollar they saved went towards that week’s payroll. Companies couldn’t afford the $300+ termination fee, service interruption, and new startup costs required to change their credit card processing vendor. If we could save these clients even $50 a month, it made a significant impact.
Merchant statements are impossible to understand by design. There are up to 1000 different rates and fees associated with credit card processing. Each fee has a name that makes no sense. Percentages, basis points, transaction charges, flat fees, and variable fees all make it impossible for most business owners to know if their fees are fair.
We’re industry insiders. We speak the language, know the fees, and understand where to find savings. Each merchant account is unique and requires a different strategy. IdealCost’s goal is to find every available string to reduce fees and pull them to maximize savings. Finally, companies have someone on their side to make the process fair.
Don’t Take On The Credit Card Processors By Yourself
Since 2009, IdealCost.com has offered small business help and small business services to 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 our small business services 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 and small business support. IdealCost.com can help secure the best terms and fees based on your specific needs.