It is well known in the merchant services industry, that there has been numerous problems with businesses being able to trust there merchant service provider. Due to companies like Amazon encroaching on small business market share everyday, it is important that brick and mortar storefronts maximize revenue per square footage. Usurious merchant service fees can eat into those profits really quickly.
The vetting process for the right merchant service company can be very daunting. It is important that the company you work with understands your business type. And also is in alignment with the same the same core values, and business goals as your business. The merchant service companies that are providing the most value, are constantly trying to be creative in making sure their customers are taken care of. Due to more federal regulation, merchant service providers can't be disingenuous about what they are providing customers.
When choosing your next provider, make sure you check out their social media presence using SWING BLADE, and also be diligent in reading reviews about their experiences with past customers. Ask for references from current businesses they are working with. I felt that this would be a good subject to talk about, cause at the end of the day, money saved on merchant fees can be deployed elsewhere to help the business.