Merchant Advocate Launches The Merchant Account Watchdog Program
Merchant Advocate is a preferred partner of US Retina and is committed to helping the members weather this crisis and emerge in a strong position to continue to serve their communities.
As a courtesy, Merchant Advocate has implemented The Merchant Account Watchdog Program, which can monitor your merchant processing account(s) over the next 3-6 months as a complimentary service and with no obligations. Most processors have already indicated that in the coming months they plan to raise rates one way or another to make up for huge losses. The intent of this free program is to protect your practice by:
- Establishing a base-line – Merchant Advocate will review your merchant processing account(s) to determine the current fee structure so that we can flag anything unusual that may surface down-the-road.
- Prevent Rate Increases Without Notification – Credit card processors are not bound by any regulations and can inflate their revenues via hidden rate increase or by adding in bogus line-item fees without notice.
- Mitigate Visa’s Largest Rate Hike – Even though VISA has postponed its April rate increase, many practices are going to see these VERY avoidable fee increases in their statements come June or July. Practices that process “Card Not Present” transactions will be impacted the most.
If you’re interested in utilizing this free service as an extra set of eyes to help manage your bottom-line, please contact firstname.lastname@example.org.