Transportation
Logistics & Transportation Company
Annual Savings
$815K
Fee Reduction
19%
Industry
Transportation
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The Challenge
Client experienced several unannounced quarterly fee increases billed as interchange fees
Our Solution
Verisave's analysis and review of benchmark data revealed the fee increases were undisclosed card processor fees. Presented with this information, the processor agreed to refund the extra fees
The Results
$815K/yr
Savings
19% reduction
Processing fees
$195K
Refund secured
Implementation Process
Client experienced several unannounced quarterly fee increases
Verisave's analysis and review of benchmark data revealed the fee increases were undisclosed card processor fees
Presented with this information, the processor agreed to refund the extra fees
Additional opportunities to reduce interchange were also identified and implemented