At NO COST to the business!
Credit Card Merchant Account Audit
Merchant Account Audit FAQ
Our expense reduction service department is made up of payment industry experts whose mission is to provide transparency and expense reduction solutions to merchants who process credit card transactions. We are not a payment processor or merchant service provider. We partner and consult with merchants to achieve savings with their existing provider,eliminating the need for any changes or configuration to your existing business environment.
From auditing and analysis, to regular monitoring and reporting, to an ongoing commitment to processing optimization, Stryde has the experience and expertise to be your ally in the payment industry, your advocate and advisor on best practices, and your partner in cost savings. Our success is based on measurable results, and our fees are only a percentage of your savings. Stryde is the trusted partner in payment processing.
The payment industry, and in particular, credit card processing, is complex. Merchants are faced with confusing statements, hundreds of various payment processing fees – including costly layers of discount rates, transaction fees and surcharges – in addition to the numerous processing options offered by merchant service providers, payment gateways, and other payment processing entities. Without an unbiased insight, a merchant can easily fall prey to unfair pricing and pay large fees to accept credit card payments.
Expense Reduction Solution
The Stryde two-phase approach to expense reduction is unparalleled in the payment industry. We correct the processing plan to reflect the most competitive plan type and rate, using formulated, specific asks of the existing provider. Our team then works with the client to further reduce the non-negotiable fees through processing optimization – where we help qualify payment transactions at lower interchange rates by passing through additional processing data.
Phase I We ‘right-size’ the account plan, placing the merchant on the correct plan type with the most competitive plan rate. Savings are immediately realized moving forward.
Phase II We implement ‘processing optimization’ where we help the merchant correct future transactions to avoid downgrades and satisfy Level 2/3 processing requirements.
We have tools to audit and analyze credit card processing, and we are uniquely positioned to secure the lowest possible card processing rate, ensure accurate billing, and help merchants reduce their overall payment processing expenses.
Our success is based on measurable results, and our fees are only a percentage of your savings.
We have seen the highest success rate for merchants that process credit card transactions where the card is not physically present. This is referred to as a Card Not Present (CNP) environment, and includes B2B and eCommerce companies. Companies processing card payments between $1M and $20M on an annual basis typically have the largest potential savings opportunity. For card present locations, where the credit card is physically swiped at a terminal device, there may still be significant savings. As such, those types of merchants shouldn’t be overlooked or immediately disqualified.
• Law firms focusing on corporate litigation and transactions
• Corporate accounting firms
• Online retailers
• Phone / Internet / Catalog Orders
Potential clients must annually process in excess of $300,000 in card payment volume.