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Wednesday, April 14, 2010

www.stopcreditcardincreases.com

As most of you are aware, we don't control 95% of the fees that you pay to process credit cards. We are just middlemen doing what we can to service our clients and make a living in a very competitive market. Visa, Mastercard, Discover, and American Express set the rates and have the ability to increase them typically twice a year. In the old days, which was just a few short years ago, we would only see an increase about once a year and the increase was very minimal. With this year having the deadline for PCI Compliance for all merchants at every level and now seeing April increases it seems as though things are out of control. Obviously you do not like to see these increases and neither do we, which is why I am inviting each and every one of you to go to the stopcreditcardincreases.com site and register. Many state representatives are beginning to take notice but maybe if we all band together we can actually see something done.