The Merchant Processing Guru: A big part of the problem facing business owners today, as it relates to the credit card processing industry, is the deluge of sales calls from companies promising great rates and huge savings. More often than not, those who have made the switch find that they have saved very little, if anything at all.
To compound this issue, very few people are actually able to read and understand the statement that their processing company sends them each month. In fact I have found very few CPA’s who can even decipher these statements themselves. This is partly due to the fact that many companies purposely make them difficult to understand and figure out. It is also due to this industry having a degree of complexity to it. Without understanding the details of how the industry works and what is behind the statement you cannot even begin to comprehend it, let alone figure out what is a good and fair deal for you, the business owner. Stay tuned for more about understanding how this works.