Overview
In this review of Merchant Advocate, we provide a detailed overview of the company's services aimed at reducing credit card processing fees for businesses. We will discuss the range of services offered, including fee audits, contract renegotiations, and ongoing monitoring. We will also identify the types of businesses that may benefit from these services. Additionally, we will examine client and customer reviews to highlight common trends and potential concerns. We will cover the company's pricing structure, contract terms, and the specifics of the services provided. By the end of this article, you will have a clear understanding of whether Merchant Advocate meets your needs for managing credit card processing fees.
About Merchant Advocate
Merchant Advocate is a merchant account contract negotiation service headquartered in Jersey City, New Jersey. Founded in 2007, the company negotiates on behalf of U.S. businesses to guarantee lower rates and higher quality service without having to switch payment processors. Merchant Advocate does not appear to be affiliated with any specific merchant services provider or acquiring bank, as the company generates revenue by taking a percentage of the savings it produces for each client. The company advertises MLS Club Los Angeles FC, MLB's Boston Red Sox, Outfront Media, Scotts Lawncare, and Harley Davidson as clients it has helped save money on merchant services.
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Merchant Advocate Products and Services
Comprehensive Analysis and Reporting
Merchant Advocate begins by thoroughly analyzing a business's current credit card processing expenses. This involves a detailed examination of the statements to identify any potential overpayments.
Negotiation and Monitoring Service
After the analysis, Merchant Advocate negotiates with the existing processor to lower rates and eliminate unnecessary fees. If the negotiation is successful, Merchant Advocate continues to monitor the account to ensure the savings are maintained over time.
No Savings, No Fee Guarantee
Merchant Advocate operates on a “no savings, no fee” basis, meaning they only charge a fee if they secure savings for the business. This model aligns their incentives with those of their clients.
Johnathan
They claim to save money on processing fees, and they do. But they bill us a percentage of the savings each month. Our Management doesn’t seem to realize they have been cheated.
Juan Joann
Merchant Advocate has been an absolute game-changer for my business! Their expertise in reducing credit card processing fees has resulted in significant savings for us. As a small business owner, I was always looking for ways to optimize our expenses, and Merchant Advocate delivered exactly what we needed.
Their team was attentive, thorough, and incredibly professional throughout the entire process. They took the time to understand our unique requirements and tailored their solutions accordingly. The best part is that we didn’t have to go through any complicated procedures; they handled everything seamlessly.
I can’t recommend Merchant Advocate enough to fellow business owners who want to streamline their finances. Thanks to them, we’ve been able to reinvest the saved funds back into our company’s growth. It’s been a pleasure working with them, and we’ll continue to trust them with our financial optimization needs in the future.