Credit card processing fees are complicated and in constant flux, but with better understanding they can be managed and optimized. Understanding these fees requires keeping a close watch on industry changes, as well as a wide variety of benchmark data. As a cost-reduction firm specializing in credit card processing fees, Verisave analyzes numerous merchant account statements on a continual basis and tracks changes, increases, and trends related to these fees.
Jeremy Layton started Verisave back in 2001 to identify and collect overpayments made by their customers to their suppliers. In 2010, Jeremy noticed that most of his customers were paying a lot of money to process credit card payments. After digging a little deeper, he found that most of his customers were paying much more than they needed to, and Jeremy was determined to help them reduce these fees. Over the past ten years, Jeremy has become an expert in all things relating to the credit card processing industry. Verisave saved its customers over $30 million on credit card processing fees.