Many banks increased their annual pricing and fees effective January 1, 2024. The hikes were steeper than usual, in the 10 to 15% range for some line items, given that many institutions waived increases during the pandemic and are now eager to pass on a… Read More »Banks increase fees for 2024
Many businesses focus on selling more products and services to boost profitability. But sales volume alone doesn’t necessarily raise profits. In fact, pushing more sales through a bloated expense structure can result in lower net profits. That’s why it’s important to look at the other… Read More »Four Cost-Cutting Areas to Help your Business
Credit card processing costs are set to increase yet AGAIN. If you are not a credit card industry expert, it is almost impossible to protect your business against the rising cost of accepting credit cards. There are ways to protect your bottom line against these… Read More »Visa, Mastercard Prepare to Raise Credit-Card Fees
Processors make it very difficult to analyze their statements, even for CPAs. Merchant Advocate is endorsed by the Alabama Society of CPAs as well as several other state Associations. Call me for a free analysis to see if we can save your business money on… Read More »Merchant Advocate
Adventist Health is consolidating its seven care networks into five and laying off administrative staff to cut costs and strengthen operations. Read the entire article by Caroline Hudson on Modern Healthcare
For the first time in two years, Visa and Mastercard raised their credit card fees for merchants in April 2022. Delayed by the pandemic, the move by the two largest payment networks to raise “swipe fees” was criticized by retailers. Businesses claim that hiking interchange… Read More »Average Credit Card Processing Fees and Costs
