monthly rate & fee monitoring
We’ll keep an eye on your pricing and terms, so you can keep all eyes on running your business.
Monthly Fee Monitoring
protecting your profit margin
Your bottom line is under attack from the fine print, hidden fees, unannounced price changes, and billing errors. Our monthly monitoring safeguards pricing, maintains transparency and uncovers rebates and future savings opportunities.
What We Monitor
Safeguarding Your Savings
From complex statement notices to compliance changes disguised as requirements, hidden costs can have a big effect on your bottom line if you don’t keep on top of them.
Here are some of the areas we monitor;
- Statement Notices
- Regulatory & Compliance Costs
- Interchange Optimization
- Level 2 & 3 Data Application
- EMV & Pin Debit
- Card-Present vs. Card-Not-Present
- Hidden Fees & Processor Markups
- Cash Discounting Cost
- Chargeback & Risk Fees
- Cost of Technology
- Hardware Cost & Leases
- Rebates & Specialty Pricing
- Legal & Class Action Lawsuits
- Industry News & Changes
- Contract Changes
Loved by businesses (not so much by processors)
Credit card fees have been driving me nuts… they take several percent of what could be our profit… VeriFee understands exactly what they’re looking for and requires very little on your part to give you an amazing result… absolutely zero downside, it is a no-brainer.
Partnering with VeriFee has saved my business THOUSANDS $$$ per month… Occasionally, I would review the bill myself – but the processing company had been sneaking in unnecessary fees over the years and increasing the rates. I could not believe the amount. It took me no time or extra work, and VeriFee took care of everything. On a yearly basis I have saved around $60,000.
VeriFee has helped us streamline our operations, improve our processes, and enhance overall efficiency. Their innovative solutions have not only saved us time and resources but also positioned us to better serve our patients.
Reporting
Crystal-clear reporting
Championing payment transparency, we’ve redefined how you look at your processing fees, contracts and notifications of changes.
Savings Reports- We store historical savings reports that include detailed analysis and breakdowns by card type as well as advanced interchange review, so you can see exactly how much you’ve saved.
Alerts & Notifications- We’ll provide detailed explanations of any updates to your pricing, contract and terms, renewal dates, PCI compliance management and more.
AI-enabled, people-powered services
VeriFee blends cutting-edge AI with seasoned payment experts to uncover hidden fees, secure better terms, and deliver transparent, lasting savings. It’s where technology meets human ingenuity to simplify the complex and empower a better bottom line.
Analysis & Negotiation- Our AI decodes thousands fees to find hidden cost savings. Our experts make those savings a reality.Learn more
Consulting- We’ll find payment solutions that best fit your business today – with flexibility for the future.Learn more
Trust- Secure at every step, we set new standards for your privacy and data protection. Just as you’d expect.Learn more
Monitoring keeps your processing fees in check and keeps your processor honest, ensuring you don’t lose savings over time and catch price and term changes. Processors often introduce new fees or increase rates gradually—our monitoring service catches these changes so you stay protected from unexpected costs.
