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Expense Reduction Jerry Pollio 832-314-1815 Electronic Payment Processing

Author: jerry-pollio

Post on 15-Apr-2017




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Expense ReductionJerry Pollio832-314-1815Electronic Payment Processing



Risk-free analysis of your entire Electronic Payment Processing environment.Our core focus is reducing processing costs we average 27-28% in savings. If we dont find savings, there is no fee.If we do find savings for you our fees are self-funded as a portion of what you used to pay providers, the net profit goes to you.

Schooley Mitchells Value Proposition


Independence and objectivity we have no affiliations with any supplier.We remain vigilant we remain up-to-date regarding the latest government regulations and best-in-class price points.Service guarantees your pricing will not be affected by portfolio wide rate increases.

Schooley Mitchells Value Proposition


True costs associated with processing are not disclosed. The electronic processing/merchant service industry is mostly unregulated when it comes to billing and sales practices. Extremely complex and cloudy system by which processing costs are determined. Convoluted billing systems wholesale relationship not available to most businesses.

Why is EPP Confusing?


New equipment is usually not required.Banks and processing company salespeople are not independent they sell machines and services. Existing banking relationship does not have to change in order to obtain maximum savings.

EPP Industry Facts vs. Fiction


Components of Card Processing CostsInterchangeInterchange Rate (522 rates) *Very difficult to determine if appropriate rates are chargedDPI (Discount Per Item)

Dues and AssessmentsVisa = 0.11% + $0.034 APF Fee MC = 0.11% + $0.034 NABU FeeDisc = 0.105% + $0.034 DNAF Fee

MSP (Merchant Service Provider)Monthly Access FeeDiscount Rate (% above Interchange)

Communication FeesFront-End Authorization FeeBack-End Capture Fee


No-Risk AuditNon-Biased Needs AnalysisEducational ProcessPricing Locked InTransparent Cost Plus Pricing & Billing StructureWholesale Level Price Structure

24-48 Hour Deposit TimesInterchange Category AuditingMonthly Auditing and Quarterly ReportsPCI-DSS Consulting & SAQ GuidanceAll Major Processing Platforms

Why Review/Audit?


Do you accept payments from your customer/clients by:Credit CardsDebit CardsAre you aware that government legislation (Durbin Amendment) has caused significant changes in the costing of EPP services? It is unlikely you are receiving the appropriate benefits for your method of doing business.Do you receive a monthly statement from a Processor detailing transaction charges for electronic payments received?


Are you aware there are hundreds of different rate categories for processing depending on the type, volume, and size of transactions?And wholesale pricing options are available in some cases? And there is a possibility for errors in applying rate categories? And there is legislation that affects costing for some categories? And you do not have to change banks to qualify for reductions or recoveries?

Would you like us to audit this area for you, where we review your processing statements and agreements, apply analysis tools to break down various transaction types and options, and apply our consulting process to reduce your monthly costs for you? We have been able to reduce our client costs by an average of 27-28%.

Jerry [email protected]itchell.com/jmpollio