Problem with the processors
Monify Monthly monitoring
No regulation at the processor level and processors are free to charge whatever they can get away with.
We will analyze every line item on your statement, uncover all unnecessary fees and then monitor your account every month. Processors will add/hide new fees to make more money. It’s our job to catch them.
Hundreds of fees, multiple pricing models, confusing statements, lack of transparency, with No Rules.
Our “in-house” analysts are trained to breakdown the most complex statements into our easy to understand “report card” that grades your statement in 11 categories from hidden fees to excessive mark-ups.
As your processor's cost of business goes up, so do your rates without you knowing.
Our monthly monitoring program checks every line item on your statement every month and will detect any added increases.
Inflated interchange fees
Over the limit fees
Excessive transaction fees
Discount rate fee charged on refunds
Bill back fees
Quarterly compliance fees
Statement mailing fees
Quarterly PCI-non validation fees
Merchant Saving Program
Non class A terminal support fees
Online reporting fees
IRS report fees
PCI/Non PCI fees
Regulatory production fees
Debit access fees
Pin debit fees
Interchange clearing fees