The Significance of Regular Statement Reviews
Reviewing your merchant services statements for your automotive business plays a vital role in cost management, competitive edge maintenance, security and compliance assurance, and enhancing the overall customer experience. Periodic assessments empower you to make knowledgeable decisions that can significantly benefit your business.
Important Factors in Each Statement:
Introducing the All-New Peri by Solera
Explore Peri by Solera, an innovative merchant services credit card payments platform for credit card payments crafted to offer competitive rates and cutting-edge security specifically tailored for automotive enterprises. While merchant services statements may appear initially intricate due to the variety of charges and fees linked to credit card processing, breaking them down into simpler steps can enhance their comprehensibility.
Mastering the Art of Statement Analysis
Here are a few ways to interpret a merchant services statement:
- Interchange fees: Fees established by credit card associations (Visa, Mastercard, etc.) passed on to your merchant account provider.
- Processing fees: Costs from your merchant account provider for processing transactions.
- Monthly fees: Any monthly service costs, such as statement or gateway fees.
- Other fees: These may involve fees related to chargebacks, PCI compliance, and other services or penalties.
Optimize Your Potential Savings Today
Regularly assessing your statements is crucial in detecting disparities and optimizing your payment processing expenses. By comparing past statements, you can identify substantial changes in fees, transaction volumes, or chargebacks.
Peri by Solera is here to assist automotive businesses in saving money. Reach out to a Solera representative today to ensure you’re not missing out on potential savings. Contact us during business hours at 888-974-2952 or schedule a meeting.