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Merchant Account Nightmares: The Shady World of Credit Card Processing Fees


Total Credits: 1 including 1 Business Management & Organization - Non-technical

Average Rating:
   89
Categories:
Partner Produced |  Industry
Faculty:
Jeremy Layton, BA (Business Finance)
Course Levels:
Basic
Duration:
1 Hour
License:

Dates


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.

Basic Course Information

Learning Objectives
  • Examine several common merchant account statements and show you where the excess fees are hiding
  • Discuss the risks and pitfalls of going out to bid for your credit card processing business
  • Highlight the proper approach to managing an efficient merchant account

Major Subjects
  • Identify how much you are being overcharged on your processing fees.
  • Identify whether you're being gouged or, more rarely, getting a square deal.
  • Identify the hidden fees in credit card processing services.
  • Various ways of saving dollars your credit card processing free

Course Materials

Faculty

Jeremy Layton, BA (Business Finance) Related Seminars and Products


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.


Additional Info

Basic Course Information

Prerequisites

None


Advanced Preparation

None


Designed For

CPAs, CEOs, CFOs controllers, finance directors and consultants


Original Recording Date

05/05/2021


Yellow Book No
Course Developer

MICPA


Date Added to Catalog

05/05/2021


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. 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


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


Reviews

5
4
3
2
1

Overall:      4.5

Total Reviews: 89

Comments

Heather B

"Very timely! The world is moving to credit card and Jeremy's insight was valuable."

Kathy O

"Great class!"

Dennis A - Caseville, Michigan

"Lots of good information"

Thomas S

"A very good course. Timely."