Saving You $$$ by Lowering Your Credit Card Processing Fees (w/Matt Rej) [Ep.46]

In this episode, I interview Matt Rej, Partner with Merchant Cost Consulting (MCC).  Matt and his colleagues started MCC to help doctors save money on their credit card processing fees.  He and I discuss:The dirty secrets of the CC processing industry, including how they generate extremely high profits off the backs of dental and medical offices.What is considered a good target percentage of CC processing fees that your practice should be paying.Which CC processing rates can be negotiated and which cannot.What the CC processing industry considers a “stick account” and why you don’t want that to be you.The fact that your PM software company is likely getting kickbacks from the CC processing company, which increases the fees you pay.How to receive a free analysis of your CC processing fees.The difference between the services offered by MCC and standard CC processing companies.Why you may even be eligible for a refund from previous egregious fees.How to save tens of thousands of dollars each year on your CC processing fees without having to change providers/terminals.  How MCC gets paid.The importance of maintaining PCI compliance and how MCC can help do it for you as part of their services.If MCC can work with practices that are part of a DSO/OSO.Real examples of practices that Matt and MCC saved dental practices tens of thousands of dollars by renegotiating their CC fees.LINKS:-Email Matt: [email protected] Page on MCC website: https://merchantcostconsulting.com/partners/-Episode with John Vento, CPA, CFP: https://youtu.be/1-EXO-IlQgs?si=2jIspKkZajqJKrXw-Episode on budgeting: https://youtu.be/d31JwW_Ucmw?si=jQHDaMmUqpKkIJtX