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Frequently Asked Questions

Questions About Verisave’s Services

Verisave is a cost reduction firm that specializes in reducing credit card processing fees. Our proprietary process maximizes savings by addressing every fee component, including processor fees, interchange, and card association fees.

Verisave is NOT a card processor, we are a cost reduction firm that specializes in reducing credit card processing fees.
On average, Verisave can reduce fees by 10-30%.

Verisave has successfully identified and extracted savings for large and small companies across a broad range of industries. Any company that accepts credit cards has cost savings potential.

Verisave’s ability to implement our proprietary process and deliver savings is not dependent upon which processor you use. In fact, we have worked with hundreds of processors over the years.
Verisave’s process does not require clients to change processors, business processes or customer experience to realize savings. We extract savings by making micro-adjustments to the back end of the merchant account.

No. Integrations with your ERP and other systems will not be affected or disrupted in any way. Verisave works with your card processor to make adjustments on the back end of your merchant account. 

Yes, if you would like to change processors, Verisave has worked with hundreds of processors over the years and can identify one that meets your company’s unique needs. We can also advise you on the implementation process.
Verisave only gets paid if you realize savings. We receive a percentage of your savings, there are no up-front charges or consulting fees. Our fee is due after your savings are confirmed each month.

Questions About Verisave’s Proprietary Cost Reduction Process

The process starts with a complimentary savings analysis to identify and quantify cost savings opportunities. If you then engage Verisave, we will develop and implement a customized savings methodology, which includes continuous monitoring, analysis, and re-optimization of your account to maximize savings.
If you provide a copy of your merchant statement, in 3-5 business days Verisave will identify and quantify your cost savings opportunities. There is no charge for this service.
Verisave can typically implement savings within six weeks.
After reviewing your current merchant statements, we will establish the baseline rates you are currently paying. Once the savings methodology Verisave has designed for your company has been implemented, we will compare the new rates to the baseline rates to calculate your savings.

Questions About Credit Card Processing Fee Overcharges

Companies are typically overcharged 10-30% because of numerous factors including account setup errors, junk fees, transaction misclassification and improperly applied discounts. Most companies do not have the internal expertise to identify and fix these problems.
The fees you pay your processor represent about 10% of your total card processing fees. Most of the fees go to other entities, including banks that issue the credit cards used, card association fees, etc. Your processor has no control over these other fees, nor does it have the expertise required to identify ways to reduce these fees.

How to reduce your credit card processing fees:

Verisave offers cost-reduction, simplified. With minimal time investment, disruption, risk, or upfront fees, we can easily bring 10%-30% of your credit card processing fees back to your bottom line. 

No need to change processors, and no need to add a project to your team’s workload.

Strategy

We dissect and analyze every fee on your merchant account to find all viable savings tactics, re-classifications, and hidden discounts.

Optimization

We apply these tactics to your existing merchant account, implementing all savings for you. We do all of the work.

Monitoring

We monitor the account every month to ensure your fees do not increase over time, and that any annual rate updates are minimized or avoided.

What to Expect

Why choose Verisave

It’s simple. Verisave clients boost their profits by reducing wasteful credit card processing fees through our expert optimization process.

Our work is entirely within the setup of the merchant account … we find errors, we fix them on the back end, and our clients return that extra money to their bottom lines. There’s no need to change processors.

Nothing else changes. There’s no disruption to any business practice or customer experience.

And we do all of the work.

20+ Years Experience
877 Clients Served
$3.3 Billion Savings Identified

Some of our clients.

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While working with Verisave I was able to witness their knowledge and expertise as they implemented a savings to our merchant account that I did not realize was attainable. As a result of their efforts our fees are significantly lower and we skipped the hassle of switching processors.
CJ Wade
CJ WadeCEO - St. George Shuttle
Because our accounting systems are unique, it can be a challenge to process credit card payments and still pay the lowest fees possible. As a valued business partner, Verisave created solutions that saved us both time and money on our credit card processing.
Grace Overstreet
Grace OverstreetCash Applications Supervisor – Praxair / NuCO2
Prior to learning about Verisave, we engaged with another audit company that created a minimal savings to our merchant account. Once that agreement was complete, we brought in Verisave and they successfully implemented a savings significantly greater than what the previous company had found. Verisave’s experience and knowledge allowed this savings to be implemented without any disruption to our credit card processing, guiding us through the entire process. I would highly recommend Verisave to any company looking to reduce their credit card processing fees.
Jacque Fanning
Jacque FanningMary Lanning Healthcare
I worked with Verisave and had them complete an audit on all 5 of my restaurants. After completing their audit, Verisave implemented over $3,500 per month in total savings without requiring me to switch from my current processor. I would highly recommend them to any company looking to lower their credit card processing fees.
Rod Seale
Rod SealeCEO - Jimano’s Pizzeria
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How to get started.

Our mission is to reduce your credit card processing fees without changing your processor, partners, systems, or client experience.

The first step is to determine if we’re a mutual fit.

Not every business will have an opportunity to trim wasted spend from their processing fees.

Let’s find out if we can help you save money. Start a complimentary analysis below.

Start a Complimentary Analysis

  1. No cost
  2. Confidential
  3. Simply upload a recent merchant statement
  4. We will identify where the WASTED SPEND is hiding within your EXISTING merchant account
  5. We will present an overview of account and fee health, and discuss whether there are significant savings that can be achieved
  6. You are not obligated to pursue those savings
  7. You do not pay us ANYTHING unless you elect to have Verisave implement cost-reductions on your behalf

Upload Your Statements Here

Questions?

Contact Us

hello@verisave.com

801-953-1515

Schedule Demo

  • We Will Answer any Questions You Have About Credit Card Processing Fees
  • Receive Candid Feedback on Your Merchant Account from an Expert
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