When you consider switching from one merchant services provider to another there are a few things you should look at to see your savings.
1. Total your current qualified merchant services average monthly volume and rate.
2. Total your current mid-qualified merchant services average monthly volume and rate.
3. Total your current non-qualified merchant services average monthly volume and rate.
4. Total your per transaction monthly total fees and rate.
5. Total your monthly merchant services fees.
Then get a quote for the 5 things above from your current merchant services provider and compare the total cost savings by switching to the new merchant service provider.
