Episode Details

Cryptic Credit Card Fees Should Be Illegal with Patrick MacLellan

Episode 151 Published 6 years, 5 months ago

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Guest: Patrick MacLellan – Merchant Cost Consulting

Key Takeaways:

How can you plan to hit the ground running when current pandemic is over?
Merchant Cost Consulting helps you evaluate your merchant processing company and analyze what they're charging you in fees
Now is the time to tighten down and get lean & mean
Merchant services are very deceptive, they're designed to confuse and obfuscate
Fees tend to increase 3-4x per year, nobody has the bandwidth to keep checking
MCC does all the legwork and negotiation with the merchant processor
They'll negotiate reduction in fees going forward, and will also obtain refunds for situations you've been overcharged
Then they police & audit monthly statements to ensure against fee-creek
MCC is only compensated when clients save money
MCC splits savings 50-50 – for Bulletproof listeners they're offering 55-45 split (Practice receives 55% of savings, MCC receives 45% of savings)
$10,000 in sales is $10,000 minus the cost of labor and goods sold. $10,000 in savings is $10,000.

References:

SAVE BIG on merchant processing today!