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"A year from now, you'll wish you had started today!"

"A year from now, you'll wish you had started today!"

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"A year from now, you'll wish you had started today!"

Have you ever spoken with anyone about the rebates you are entitled to receive from card-issuing banks based on the corporate cards you accept?

A huge mistake that many companies make when looking for credit card processing savings is that they focus on the wrong source– the small markup made by the merchant services provider. Instead, you can realize MUCH greater savings by looking to the LARGEST part of your statement fees- the compensation made to card-issuing banks.


If you have a merchant service account, odds are that you've been trained to submit the dollar amount, card number, expiration date... maybe even the CVV (three-digit number on the back of a Visa/MasterCard/Discover card) or address information, at the time of a sale. Submit it, get an authorization. Settle it, and you'll get paid. For most retail locations and restaurants that accepts mostly CONSUMER credit cards, that sounds simple enough, and works just fine.

However, if you are a business that accepts a large amount of CORPORATE cards, and you’ve been trained to process payments like any generic small business, that mistake can be costing you tens of thousands of dollars per year.

fear of credit cards
credit card

To understand why, first you'll need to understand the basics as to how card processing works.

The fees that make up a credit card processing statement are ultimately distributed to three different entities. The SMALLEST distribution are the fees that go to the merchant services provider (ie: markup, for authorization and settlement), as well as dues, assessments, and fees that are paid to the card brands themselves (ie: Visa/MasterCard, for card brand marketing.)


However, the LARGEST part of the fees that make up your monthly merchant services statement (usually between 80-90% of your bill) are interchange fees, the compensation paid to the card-issuing banks for advancing payment on a purchase to a merchant while accepting the burden of seeking reimbursement from their client (ie: the cardholder.)

Although the same interchange rates affect ALL businesses regardless of size, unbeknownst to most businesses (and often ignored by banks and merchant service providers), interchange is NOT a fixed cost. In fact, there are REBATES that companies accepting many corporate cards are ENTITLED to receive, based on the data that is submitted at the time payment is accepted and submitted. These rebates come in the form of reduced interchange fees for a given transaction. By not submitting this additional data, it's not much different than finding out you’re going to receive a big tax refund from the IRS, only to say,

“No thanks, I’m good. You keep it!"

Instead of stepping over dollars to pick up dimes, let us show you how EASY it is to submit this additional data and realize the SUBSTANTIAL savings from interchange fees that you are ENTITLED TO RECEIVE.

Explaining the mystery behind "Merchant Services"

There are thousands of merchant services "resellers", but only a small handful of companies with the network capabilities of actually processing your transactions. (Authorizing a transaction, then funding your daily "batch" of transactions via settlement.) We'll help you understand what network you're on, and if needed, recommend a different network that might better serve the specific needs of your company.

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To discuss how SōBōNet may be able to help your business, or to schedule a demonstration, please email us, or call us directly!


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