MSG Payment Systems

Many businesses are paying too much for their merchant services. This can be a result of many things, including:

• You haven’t had your statements analyzed in six months: Semiannually, major card brands (such as Visa, MasterCard & Discover) announce changes to their Interchange rates that may affect a merchant’s discount rates. Make certain that you are receiving the most competitive rates by requesting a free analysis of your current program.
• Incorrect fee structure setup: There are pricing structures unique to many industries, ticket sizes and business structures. If a merchant account is not set up properly, it may result in the overpayment of card processing fees.
• PCI compliant: Every business that has a merchant account must be PCI Compliant, regardless of size, industry or processing volume. Many processors charge penalty fees to merchants who have not validated their PCI compliance.
• Outdated Technology: Processing with an older terminal that does not submit particular data along with individual transactions can cause processing fees to increase.
• Business Profile Changes: As a business environment changes over time, factors involving payment processing such as average transaction amount, types of cards accepted, and total processing volume can affect rates.