Credit Card interchange (also known as processing) is one of the most complex industries to understand. Banks and credit card processors engage in very deceptive billing practices, making it impossible for most merchants to understand it.
Until now, merchants had to turn to their banks and processors in order to perform an audit on themselves to find out how they could lower their fees. The problem, of course, is that by asking those banks and processors, the merchant is essentially asking the bank to cut their very own profits! Banks donâ€™t cut their profitsâ€Ś they just find new ways of billing/hiding them. Merchant Relief Council (MRC) is a firm run by former bank executives and bank attorneys with one simple goal: helping merchants reduce their processing fees by bringing full disclosure with transparency and simplicity to credit card processing for all merchants.
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If it was a Purchasing Card Level III 1.80%.... The merchant was overcharged 0.99% If it was a Business Card Level II 2.05% â€Ś The merchant was overcharged 0.74% If it was a Commercial Card B2B 2.10% .. The merchant was overcharged 0.69% If it was a Commercial Card Retail 2.20% .. The merchant was overcharged 0.59% If it was a Commercial Card CNP Rate (Bus) 2.25% .. The merchant was overcharged 0.54%
If it was a Electronic Interchange Rate (Bus) 2.40% .. The merchant was overcharged 0.39% 17 If it was a Standard Interchange Rate 2.95%... .. The merchant is ahead 0.16%
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One of the Most Dangerous and one of the Most Common Unethical Billing Practices Used
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