Entrepreneurs on Fire Cost Reduction and Reducing Credit Card Merchant Fees with Matt Rej
Jul 3, 2020
Matt Rej, Founder of Merchant Cost Consulting, shares insights on reducing credit card merchant fees without switching processors. He explains the complexities of the payment industry, emphasizing the importance of audits to uncover hidden costs. Matt discusses a performance-based model that maximizes savings and provides case studies that showcase substantial financial benefits for businesses. He also warns against deceptive practices and highlights the necessity for regular evaluations to optimize expenses for increased revenue.
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No-Risk Offer
- Matt Rej offered John Lee Dumas a no-risk cost reduction analysis for credit card processing fees.
- This involved analyzing current fees and identifying potential savings without changing providers.
Deceptive Practices
- Matt Rej's experience working for a credit card processing company revealed deceptive practices.
- Sales reps were incentivized to set high rates, leading to excessive fees for businesses.
Be Wary of Solicitations
- Be wary of solicitations from merchant service companies, especially if changes are required.
- Verify pricing with apples-to-apples comparisons and be aware of potential fee increases.