To get started you will need to fill out a simple questionnaire and securely submit a copy of your most recent credit card processing statements. Once submitted, we will start on the analysis and provide a presentation on our findings and results.

No. Payment Brokers is not a credit card processor. We are a broker that helps companies negotiate with their existing provider or can connect merchants with their choice of processing service providers. The processing agreement is between the merchant and the processor directly.

Every company is unique, and depending on the size and scope of the project, underwriting requirements the timeframe can range from 1 week to 3 months.

Every merchant has a contract with the credit card processor, what matters most is the term of the contract, its conditions, and the value of the contract. Many service providers are lenient on contracts in order to prevent the loss of an account long-term.

We can work with any size company and almost every industry. However, we do not work with Adult, Casino or Gaming, MLM, or other high-risk or high chargeback category businesses.

YES! Actually, there are hundreds of articles online on how to analyze your processing statements, books written on how the processing business works, and public information published by all card brands on interchange. You can utilize this information to help educate yourself on pricing, evaluate your existing pricing, and contact your ISO/agent or acquirer directly to discuss your pricing.

Here is a link to a great starter book: https://www.amazon.com/gp/product/0982611668

However, DIY negotiations have some major hurdles to achieving the best results which include;

1. Understanding interchange and individual transaction classification
2. Knowing the rate and fee structures, hidden fees like BIN, assessments, and transaction fees
3. Contract terms, points of negotiation, and the likelihood of certain negotiable points
4. Profitability of the ISO or ISV (helps to understand what credit card processors and software vendors are willing to accept)

NO! We do not sell, lease or profit from the sale or use of hardware/equipment, software or POS systems. As such, we also DO NOT service or maintain equipment. We are happy to make recommendations but we do not have any business arrangements with these hardware and software providers.

Savings can vary greatly depending on your processing revenue, the volume of transactions, the complexity of your payment infrastructure, and current pricing. Payment Brokers will only work with companies that save a minimum of $100/mth. However, on average, our customers save significantly more.

Since there is no money out-of-pocket expense for our clients, we often get asked how we make money.

There are 4 main areas where payment brokers can earn money.

• Splitting the savings. If our clients decide they want our help to negotiate the savings on their behalf, we calculate the monthly savings based on a monthly analysis and split those savings with our client.
• Contract placement & referral fees. Although many of our clients stay with the same service providers, in the event that a new service provider is selected or requested by the merchant, we may be able to receive a referral fee from the service provider of our client’s choice.
• Stand Alone Statement Analysis or Contact Review Services. For companies that do not decide to use our negotiation or contract placement services (no cost), we can offer a stand-alone, monthly statement analysis or contractual agreement review for a fee.
• Custom Payment Technology Development Services. Payment Brokers has years of coding, development, and integration experience and has deployed complex payment systems for clients that can be contracted as a service.