Sometimes it is difficult to know exactly who is processing your credit card transactions. While your statement might still carry your local bank s name, it is likely that an ISO is actually providing the service. To complicate matters even more, a handful of mega-ISOs have grown rapidly through consolidation and acquisition. Your account may have passed through the hands of more than one service provider over the past few years. If this has happened to you, the schedule of fees, terms and conditions that you originally signed are probably no longer valid.
Spring is here.
Some things in life you can always count on. Processing companies have complete control over how this price increase is passed on to you. Pay close attention to the statements you receive before and after the increase. If not disclosed explicitly, you should calculate the difference in rates for all categories that apply to your business. Newly established businesses grow rapidly during the first few years of operation.