Merchant Account Audit Process

Work with experts to drastically reduce credit card processing fees while keeping your current processor.

How We Save You Money

Our auditors really know how to read a merchant statement.

Let us take a look at yours. We’ll identify any possible savings.

And then … we’ll implement those savings on your behalf.

We Audit Your Company Merchant Accounts and Interchange Rates

Rather than disregarding merchant account fees as a necessary cost of doing business, more businesses are paying closer attention to their credit card transaction fees. Verisave performs a thorough review of your merchant account statement. By reducing negotiable interchange rates, we can dramatically reduce your credit card processing fees and cut unnecessary spending by an average of 25%-35% each month.

Verisave Has An Eye For Merchant Account Statements

Auditing merchant account statements is no simple task. Each credit card network has their own interchange rates and these can vary widely depending on a number of factors. There are also a number of factors that affect your total monthly merchant account fees that can be hard to spot on a merchant account statement.

Variables That Affect The Interchange Rate

  • The type of credit card used (rewards, debit, credit, etc).
  • How the payment is run (wireless, chip, swipe, etc).
  • The type of business the merchant operates.
  • When the batch settlement is paid.

More Variables That Affect Your Merchant Account Fees

  • Processor fees.
  • PCI Compliance or Non-compliance.
  • Junk Fees – These include statement fees, monthly funding fees, services fee, etc.
  • The application of a surcharge fee.

These variables make wading through merchant account statements very confusing. Without an established relationship, negotiations with a processor resulting in fee reductions can be hard to come by. Using our expertise and long-time-knowledge of the credit card industry, your accounting department can use Verisave as a valuable tool in reducing credit card processing fees.

Can You Answer The Following Questions?

  • How much profit does my merchant processor make on my account?
  • What fees do I have control over?
  • Am I paying too much in credit card processing fees?
  • Are my fees in line with my competitors?
  • Are savings available to me that I am not aware of?
  • Can my American Express fees be reduced?
  • How do I reduced my fees without switching processors?

If your company is intrigued by the examples above, there is a simple way to begin saving. Send in your company’s most recent merchant account statement and we will analyze it for free. It’s a simple, risk free process.

How it Works

1. Upload Your Merchant Account Details

Send copies of your merchant statements to Verisave.

2. Review Your Free Savings Analysis

Verisave will provide you with a detailed Savings Analysis.

3. Let Verisave Implement Strategies to Save Money

Verisave will implement the savings for you.

Submit Your Merchant Statement Here

We will report back with any savings opportunities we identify.

  • Drop files here or
    Max. file size: 10 MB.

    Get a No-Obligation Savings Analysis

    Simply upload a recent Merchant Account Statement here. We will report back with any savings opportunities we identify.