Many businesses stick with familiar merchant service providers without reviewing costs, often resulting in unnecessary fees. Recognizing the warning signs can unlock significant savings.

Sign #1: You Haven’t Reviewed Statements in Years

If you haven’t looked closely at your statements recently, it’s time. Hidden fees, new surcharges, and outdated pricing structures may be draining your profits.

Sign #2: Opaque Pricing Structure

Providers using tiered or blended pricing make it difficult to see the exact cost per transaction. Without transparency, businesses often pay more than necessary.

Sign #3: One-Size-Fits-All Solutions

Merchants have unique transaction mixes (card-present, card-not-present, ACH). Providers that don’t customize rates based on your transaction profile may be overcharging.

Sign #4: Rates Don’t Adjust with Your Business

As your average transaction size or volume changes, your provider should adjust pricing. If they don’t, you may be stuck paying higher rates than needed.

Sign #5: Locked Into Long-Term Contracts or Hardware

Long-term contracts or proprietary hardware/software can limit your flexibility and prevent cost optimization.

How BSG Can Help

BSG provides a free side-by-side savings analysis, highlighting areas for potential reduction and recommending optimized solutions for your unique business needs.

Don’t let your merchant service provider silently drain your profits. Recognizing the signs and acting promptly can save thousands annually. Request your free analysis with BSG today to uncover potential savings!