For Private Equity Groups

Verisave Works With Private Equity Groups to Trim Costs

Our Focus: Merchant Accounts and Credit Card Processing Fees

Portfolio companies that accept credit card payments are often being overcharged in their processing fees. We can help. And we do all of the heavy lifting.

Portfolio companies often resort to a bid process in order to Minimize processing fees ... but this is rarely effective.

When a company seeks to minimize credit card processing fees, they tend to focus on going out to bid and potentially changing processors.

This is typically ineffective.

Most processors make it difficult to compare bids, and ultimately aren’t incented or equipped to solve the root problem.

Verisave minimizes processing fees no matter which processor the business uses, by addressing the fundamental setup errors in the merchant account itself.

The cost savings is significant.

How much are your portfolio companies overpaying ... and why?

Every credit card transaction incurs a set of fees
Much of this is calculated as a percentage of the transaction total
Many businesses also pay additional flat fees (example: $0.10 per transaction)
Combined, these fees average 3% of the transaction total – this is the Total Effective Rate
It is often possible to get closer to 2%
There are thousands of rules and regulations, and processor markups, that can govern the fee calculation
If the merchant account isn’t set up properly, it will be calculating higher than it should
Most processors are focused on facilitating the transaction and are NOT equipped to monitor rule changes, and optimize setup in a way that would reduce these rates

Verisave is an expert at optimizing credit card processing rates, and minimizing fees.

As complicated as this work is, we make it easy for the portfolio company. Our team does all of the heavy lifting.

How it works

Let’s begin with a discussion about your cost-savings goals
Verisave will advise which of your portfolio companies might be a good fit for this
Companies processing more than $150k per month, and with a large portion of B2B transactions are ideal
You will introduce Verisave to the finance team at any applicable portfolio company
Verisave will perform a complimentary and no-obligation assessment of the merchant account to determine if it’s a good fit
There are no up front fees
Verisave works directly with the portfolio company and their processor(s)
The program itself is implemented by the Verisave team, with minimal time required from the portfolio company
Most Verisave clients retain their existing processor and payments stack, with no disruption to customer experience
Savings average 10-30%, and most components are realized within 10 weeks
We have saved many of our clients millions of dollars per year

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 heavy lifting.

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.

How Verisave Gets Paid

No upfront fees
Initial merchant account assessment is complimentary and no-obligation
Verisave ONLY gets paid after the savings are realized (as a percentage of the money we bring back to the portfolio company) – also known as gain share

Contact Verisave with Questions:

About Verisave

Verisave is a third-party cost-reduction firm specializing in merchant accounts and credit card processing fees.

Verisave is not a payment processor, and is not affiliated with any processors, card brands, or banks.

Verisave has more than 20 years of experience optimizing and monitoring the credit card processing industry.

20+ Years Experience

877 Clients Served

$3.3 Billion Savings Identified

Some of our clients

Verisave are simply *the* experts when you want to optimize your credit card processing costs. From working with our processor to educating me on some very intricate and arcane pricing issues from both our processor and the ‘Big 4’ credit card issuers, I think that I learned something from every interchange (ha!) I’ve had with Verisave. They’ve managed to provide a service that literally pays for itself, convenience I don’t ordinarily see in the finance world, and a personal touch I don’t often see in business in general. We couldn’t be better poised to weather the numerous changes in the credit card processing arena than we have been with Verisave working on our side.

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.

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.

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.

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.