In 2009 Retail Merchants Network conducted a market survey and found that 88% of all merchants don't understand how to read their credit card statement or how each and every transaction affects their processing rates and fees.
We found that the vast majority of merchants assume they are being processed at 1.54% - 1.75% when in fact only 22% of all their transactions are at a qualified rate and the remaining 78% are priced at mid to non qualified rate which are closer to an interchange rate of 3.75% to 3.89%. The credit card industry has formatted over 104 different ways to process your transactions with several different fee tables. The majority of merchant transaction swipes are processed in what is referred to as a downgrade. For example, a rewards card is a downgrade, a cash back card also kicks you into a downgrade bucket and those bonus cards along with a keyed entry and/or phone verifications also rack up huge piggy back charges that move your transaction into the 3.89% interchange rate. What this means is that 1 out of every 4 transactions you make are priced at almost 4.00%.
Retail Merchants Network is committed to total transparency in helping merchants not only learn how to read their monthly credit card statements but to teach them how each transaction affects their processing rate per card. Retail Merchants Network is here to assist you in not only understanding the industry and how it works, but to work as your consultant to control non cash transactions and capitalize on a lower processing rate. Statistically, the average merchant processes $8,000 to $12,000 per month. Cutting cost in every aspect of this business is very important for the merchant to take advantage of.
We process for businesses with gross annual sales reaching over $400 million in volume. You don’t secure and maintain accounts like this by having the highest pricing in the business; you do this by having some of the lowest rates and fees. Backed by unparalleled customer service, 24/7 online support, and the most user friendly online reporting tools in the industry, you’re sure to make the right decision by using Retail Merchant Network for your business’ credit card processing!
If you haven't had your merchant card account re-priced within the last 12 months, then the chances are great that we can beat your existing rate by as much as 10% to 30%. Think about it, 10% to 30% lower than what you’re paying now could result in thousands to tens of thousands of dollars in savings per month or year. Take 5 minutes to contact our office and take advantage of our experienced and helpful customer service representatives to help clarify the maze of pricing tiers so we can demonstrate how we can put money back into your pocket rather than putting into the pockets of big banks.
In today's economy you need to take full advantage of every cost saving avenue that's available to you. It cost you nothing to call us, but not contacting us just might.
