Comments on: Fee Sweep: How to Get the Merchant Services You Need Without Getting Scammed http://www.cardpaymentoptions.com Learn About Merchant Accounts & Credit Card Processing Wed, 22 Feb 2012 15:21:00 +0000 hourly 1 By: Allen Hardy http://www.cardpaymentoptions.com/feesweep/comment-page-1/#comment-17407 Allen Hardy Sat, 18 Feb 2012 02:39:37 +0000 http://www.cardpaymentoptions.com/#comment-17407 FeeSweep is a great read--not only illuminating, but simply organized and well-written. Obviously not the last word in this kaleidoscopically complex industry, but a great--if sobering--introduction. FeeSweep is a great read–not only illuminating, but simply organized and well-written. Obviously not the last word in this kaleidoscopically complex industry, but a great–if sobering–introduction.

]]> By: Hans Phillips http://www.cardpaymentoptions.com/feesweep/comment-page-1/#comment-17390 Hans Phillips Fri, 17 Feb 2012 20:22:25 +0000 http://www.cardpaymentoptions.com/#comment-17390 Phillip, Wow! Thanks for all the time and energy you put into educating me and others. The thousands you are saving us is a gift. Happy to suggest your services to others. I now know how to negotiate a great rate for our new company and save money in the process. Bless you! Hans Phillips Phillip,

Wow! Thanks for all the time and energy you put into educating me and others. The thousands you are saving us is a gift. Happy to suggest your services to others. I now know how to negotiate a great rate for our new company and save money in the process. Bless you!

Hans Phillips

]]> By: Tova http://www.cardpaymentoptions.com/feesweep/comment-page-1/#comment-17327 Tova Thu, 16 Feb 2012 22:18:25 +0000 http://www.cardpaymentoptions.com/#comment-17327 Phillip I think you are from the same DNA that I am from :) The difference I had 15 years or so in finance world brokerage, banking, real estate, and so on.....my little bit to help is give the price that IS fair take less and share asking for referrals. Try to live on the twelve dollars a month or twenty dollars a month and have more folks getting that fair pricing. You are correct of course the processor and the interchange make the lions share, they also (some) allow cost plus pricing and the "agent" or ISO or ISO rep can price from cost. I choose to make that difference for everyone and hope that thru referrals I will also be able to continue helping and make enough to have a small business plan support me as well. There are very very few that will do what you and I do. Probably none. Maybe we are the only two. I know for a fact that I price so well I have virtually saved thousands and thousands of dollars for Customers by doing exactly what you wrote about. Pricing interchange (cost -plus) and literally showing maybe $12.00 (24.00) total as I have to pay half to the processor just to do this for folks. I wish there was a way to advertise that but there probably is no way except word of mouth., so I ask for referrals. I just this month finally made $600.00 that was it !! The dedication it takes to make a difference is like your book I think it all pays in the end. I need a free one though LOL !! Phillip I think you are from the same DNA that I am from :) The difference I had 15 years or so in finance world brokerage, banking, real estate, and so on…..my little bit to help is give the price that IS fair take less and share asking for referrals. Try to live on the twelve dollars a month or twenty dollars a month and have more folks getting that fair pricing. You are correct of course the processor and the interchange make the lions share, they also (some) allow cost plus pricing and the “agent” or ISO or ISO rep can price from cost. I choose to make that difference for everyone and hope that thru referrals I will also be able to continue helping and make enough to have a small business plan support me as well. There are very very few that will do what you and I do. Probably none. Maybe we are the only two. I know for a fact that I price so well I have virtually saved thousands and thousands of dollars for Customers by doing exactly what you wrote about. Pricing interchange (cost -plus) and literally showing maybe $12.00 (24.00) total as I have to pay half to the processor just to do this for folks.

I wish there was a way to advertise that but there probably is no way except word of mouth., so I ask for referrals. I just this month finally made $600.00 that was it !! The dedication it takes to make a difference is like your book I think it all pays in the end. I need a free one though LOL !!

]]> By: Bill Lemke (The Steel Bridge Cafe) http://www.cardpaymentoptions.com/feesweep/comment-page-1/#comment-14959 Bill Lemke (The Steel Bridge Cafe) Sat, 07 Jan 2012 01:48:45 +0000 http://www.cardpaymentoptions.com/#comment-14959 Phillip, Your E-book "Fee Sweep" was very helpful. It is easy to understand, organized, yet very comprehensive. I was able to negotiate a .07 percent + .10 Transaction fee on an interchange pass thru and .25 on debit, and no other fees with the exception of PCI Compliance. In the past I dreaded talking to salemen, now I can speak their language and am at ease - and do they know it! Thanks again for your help. Phillip,

Your E-book “Fee Sweep” was very helpful. It is easy to understand, organized, yet very comprehensive. I was able to negotiate a .07 percent + .10 Transaction fee on an interchange pass thru and .25 on debit, and no other fees with the exception of PCI Compliance. In the past I dreaded talking to salemen, now I can speak their language and am at ease – and do they know it! Thanks again for your help.

]]> By: LEWIS http://www.cardpaymentoptions.com/feesweep/comment-page-1/#comment-14564 LEWIS Thu, 29 Dec 2011 23:35:08 +0000 http://www.cardpaymentoptions.com/#comment-14564 hi, i wish i had read your book before i opened my merchant account. my merchant account provider did nothing but lie to me. they also attached fees that were not due for another 4 months to my monthly fee hoping that i would not notice it. it wasnt hard to notice since the illegal withdrawal they did caused my bank account to be overdrawn. they admitted fault, told me it was a mistake and that it would never happen again. to no surprise they tried another illegal withdrawal less then 3 days later. my bank quickly took the money back minus the overdraft fees of course because the merchant account company i use admitted guilt. they promised to have the fees deposited into my account within 7 to 10 days. well im still waiting...my bank credited my account and now my bank is going after them for the fees. these merchant account providers are nothing but crooks. i dont understand how any decent person or company could do these types of things to other people. there is just no honesty any where in the world anymore. i remember when i was a kid, my dad used to seal a deal with a handshake and just by looking a man straight in the eyes. now a days people look you in the eyes and tell you a lie, and will use the same hand they shook with you on to stab you in the back. hi, i wish i had read your book before i opened my merchant account. my merchant account provider did nothing but lie to me. they also attached fees that were not due for another 4 months to my monthly fee hoping that i would not notice it. it wasnt hard to notice since the illegal withdrawal they did caused my bank account to be overdrawn. they admitted fault, told me it was a mistake and that it would never happen again. to no surprise they tried another illegal withdrawal less then 3 days later. my bank quickly took the money back minus the overdraft fees of course because the merchant account company i use admitted guilt. they promised to have the fees deposited into my account within 7 to 10 days. well im still waiting…my bank credited my account and now my bank is going after them for the fees. these merchant account providers are nothing but crooks. i dont understand how any decent person or company could do these types of things to other people. there is just no honesty any where in the world anymore. i remember when i was a kid, my dad used to seal a deal with a handshake and just by looking a man straight in the eyes. now a days people look you in the eyes and tell you a lie, and will use the same hand they shook with you on to stab you in the back.

]]> By: Phillip Parker http://www.cardpaymentoptions.com/feesweep/comment-page-1/#comment-13925 Phillip Parker Thu, 15 Dec 2011 18:57:39 +0000 http://www.cardpaymentoptions.com/#comment-13925 Hi Wayne, Fee Sweep covers how rates are calculated and the tactics the agents/providers use to get merchants into expensive contracts. It then teaches merchants how to negotiate the contract in order to get the lowest fees available in the industry. If you are new to the credit card processing industry and unfamiliar with the differences between bucket pricing and Interchange-plus pricing, you may find the book helpful in understanding how to be fair with merchants. Hi Wayne,

Fee Sweep covers how rates are calculated and the tactics the agents/providers use to get merchants into expensive contracts. It then teaches merchants how to negotiate the contract in order to get the lowest fees available in the industry. If you are new to the credit card processing industry and unfamiliar with the differences between bucket pricing and Interchange-plus pricing, you may find the book helpful in understanding how to be fair with merchants.

]]> By: Wayne http://www.cardpaymentoptions.com/feesweep/comment-page-1/#comment-13921 Wayne Thu, 15 Dec 2011 16:50:49 +0000 http://www.cardpaymentoptions.com/#comment-13921 Hi, Phillip, I'm a independent Account Executive for an ISO. Being the ethical and moral person that I am, I want to do good business by the merchants and still earn a viable income. Does your ebook provide any help in this connection? Hi, Phillip,

I’m a independent Account Executive for an ISO. Being the ethical and moral person that I am, I want to do good business by the merchants and still earn a viable income. Does your ebook provide any help in this connection?

]]> By: Vanessa http://www.cardpaymentoptions.com/feesweep/comment-page-1/#comment-11930 Vanessa Mon, 21 Nov 2011 02:19:14 +0000 http://www.cardpaymentoptions.com/#comment-11930 Thank you very much for your enlightening and thorough book. I own a wellness center and have a multi-practitioner retail set up. I have had people in the industry try to explain this whole thing to me many times – and now I finally understand it from your clear explanations. I have been through the process of gathering quotes from many providers in the past and felt completely confused and frustrated. Now I can negotiate with confidence and speak their language. Thank you so much ahead of time for your help in getting all of us here “Interchange” pricing. I didn’t realize that was available to all merchants and not just higher volume businesses, which is what I was told in the past. It’s great to know what is reasonable to ask for and feel confident in moving on from a processor that doesn’t give me something reasonable. +1 Thank you very much for your enlightening and thorough book. I own a wellness center and have a multi-practitioner retail set up. I have had people in the industry try to explain this whole thing to me many times – and now I finally understand it from your clear explanations. I have been through the process of gathering quotes from many providers in the past and felt completely confused and frustrated. Now I can negotiate with confidence and speak their language. Thank you so much ahead of time for your help in getting all of us here “Interchange” pricing. I didn’t realize that was available to all merchants and not just higher volume businesses, which is what I was told in the past. It’s great to know what is reasonable to ask for and feel confident in moving on from a processor that doesn’t give me something reasonable.
+1

]]> By: steve http://www.cardpaymentoptions.com/feesweep/comment-page-1/#comment-10550 steve Tue, 08 Nov 2011 04:49:29 +0000 http://www.cardpaymentoptions.com/#comment-10550 Hi Deb. I work in merchant processing and it is nice to hear about educating yourself in this subject. I know all too well about merchants being screwed over. There are more talking points being used by sales reps in this industry that its sickening. This isnt a sales pitch, but more of a congrats. Im a salaried rep not a commissioned rep. Good for you by helping the company. Hi Deb. I work in merchant processing and it is nice to hear about educating yourself in this subject. I know all too well about merchants being screwed over. There are more talking points being used by sales reps in this industry that its sickening. This isnt a sales pitch, but more of a congrats. Im a salaried rep not a commissioned rep. Good for you by helping the company.

]]> By: Keeda Pfingsten http://www.cardpaymentoptions.com/feesweep/comment-page-1/#comment-5519 Keeda Pfingsten Thu, 25 Aug 2011 17:43:29 +0000 http://www.cardpaymentoptions.com/#comment-5519 Mr. Parker, I stumbled upon Fee Sweep while “googling” for information that would aid me in making an informed decision concerning credit card processing. I hit the gold mine when I found your nugget! I had quotes from three providers and, as you mentioned, they were all structured differently. Once I got all of them in Interchange Pass-Through format, I used the worksheet on page 22 to make an apples – to –apples comparison. I agreed to continue processing with our current provider but not before they significantly reduced the fees that they were charging me. I’m on line to save $17,000.00 yearly – thanks to your e-book! For the first time ever – I feel like I negotiated a great deal for credit card processing. Sincerely, Keeda Pfingsten Mr. Parker,

I stumbled upon Fee Sweep while “googling” for information that would aid me in making an informed decision concerning credit card processing. I hit the gold mine when I found your nugget! I had quotes from three providers and, as you mentioned, they were all structured differently. Once I got all of them in Interchange Pass-Through format, I used the worksheet on page 22 to make an apples – to –apples comparison. I agreed to continue processing with our current provider but not before they significantly reduced the fees that they were charging me. I’m on line to save $17,000.00 yearly – thanks to your e-book! For the first time ever – I feel like I negotiated a great deal for credit card processing.

Sincerely,

Keeda Pfingsten

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