Merchant Processing Cost Evaluation 

 

• Initial consultation to fully understand your current merchant processing environment

• Review of 3-6 months current merchant processing statements

• Detailed analytical review

• Initial report and client discussion

• Explanation of all cost components

• Strategies to implement to reduce costs

• Final report and recommendations

 

Merchant Services RFP Creation and Evaluation

 

Stage 1 – Inventory of Current Merchant Processing Environment

 

• Take complete inventory of the various ways client currently accepts credit / debit cards from customers

  • In person swipes – What hardware is currently being used

  • Call in  / Card not Present (CNP)

  • Web based

  • 3rd party software providers

• Accumulate 3 months historical merchant account statements from each merchant account to review pricing and total transaction activity

• Create a matrix of all merchant ID’s and their pricing to present to client

• Review merchant account agreements currently in place to identify any early termination fees

• Discuss potential future roll outs of credit / debit  card acceptance

  • Wish list to be implemented over time

 

Stage 2 - RFP Drafting and Review

 

• Client provides RFP requirements to be included in the RFP package

  • Legal / business requirements

• Discuss specific components of RFP

  • Pricing

  • Examples of pricing matrix to be provided by submitting parties

• Draft RFP

• Review RFP with client and discuss proposed changes

• Finalize RFP

• Participate in RFP response evaluation

 

Stage 3 – Roll Out of New Provider Services and Ongoing Monitoring

 

• Assist client with roll out of awarded vendor services and monitor deployment process

  • If required – Act as point person for client to facilitate roll out