Annual Service Fee Definition

Merchant Account Annual Service Fee Explained:

What is an Annual Service Fee? Often times, the fee is nothing more than the annual PCI Compliance Fee but is called an “Annual Service Fee” to avoid confusion, since most merchant are not familiar with PCI Compliance. Nearly every merchant account provider charges an “Annual Service Fee” nowadays. This is because the costs of managing merchant accounts has risen dramatically for credit card processors in the last decade. With payment gateway or payment technology providers, the annual fee is often a fee for the use of a particular service (e.g. virtual terminal or payment gateway for website processing). If your merchant account provider charges both an Annual Service Fee and an annual PCI Compliance Fee, you may want to get clarification to understand why you are being charged both fees.

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Why I'm Qualified to Write About Credit Card Processing and Merchant Account Services

I'm a former credit card processing sales director who left the industry because I didn't like how it takes advantage of small business owners. It feeds like a leech on businesses and thrives by imposing fees that are nearly impossible to comprehend. Seeing a need for change, I left and built this website help business owners better understand the industry, research merchant services providers, and get refunds of excessive merchant account fees. My experience of working "behind the curtain" in the industry, and using that knowledge for good, has resulted in millions of dollars returned to hard-working small business owners as well as enterprise-level companies.

From the time that I starting working in the merchant services industry to when I left to create this website, I've been on the pulse of payments for nearly 15 years. It didn't seem fair to keep this "insider" knowledge to myself. To lift the fog, I've reviewed hundreds of companies, read thousands of user reviews, and learned the pricing tricks of every provider. If you have questions about credit card processing, you can find the answers on this website.

How I Can Help You

I specialize in helping businesses get refunds of excessive fees and have recovered $1,567,184 this year alone! Submit a recent statement below to find out if you are getting overcharged. I'll take a look at it for free. If I find fees that can be refunded, hire me on contigency. I only get compensated if I put money back into your pocket.

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