The U.S. House of Representatives passed House Bill HR2695 also called The Credit Card Fair Fee Act which affects the cost you pay now to accept credit cards at your business saving you up to 80% of what you’re current costs are. The Texas Business Development Center’s free service works to help you obtain the best possible rates and fees under the new law by negotiating new pricing on your behalf,  saving you money each and every month which will potentially save you thousands of dollars each year. Some businesses are also eligible for a rebate for overcharges (see: Rebate Info Request)

No matter what type or size business you have, or whatever type of merchant account you use, you can now lower your current costs and eliminate all those hidden fees your being charged (see: Comparison Chart). And because you are a registered Texas business with a valid sales tax permit there is never any cost to change to a lower rate program and there is no need to buy new equipment because nothing changes, you are simply issued a new merchant identification number (MID#) with your new lower rates and fees that works with the equipment and procedures you have now. 

There are many reasons a business will change their credit card processor, most because they find out they are paying to many fees or their rates are too high. With over 256 rates and fees commonly associated with accepting credit cards called Interchange and many more bank fees and with monthly statements impossible to understand (see: Understanding Your Statement) 80% of Texas businesses are being overcharged.

Now you can find out just how much you could be saving under the new federal and state guidelines by receiving your Free Statement Analysis to see what your paying now and what you should be paying under the new guidelines. We have already saved millions of dollars for thousands of Texas businesses, when is the last time you checked your statement for hidden fees and overcharges?