FINANCIAL PLANNING: Cryptic Credit Card Fees Should Be Illegal with Patrick MacLellan
Bulletproof Dental Practice
English - April 09, 2020 14:00 - 30 minutes - 28.7 MB - ★★★★★ - 241 ratingsEntrepreneurship Business Marketing bulletproof dentistry bulletproofdental bulletproofdentalpractice bulletproofdentist dentist Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Bulletproof Dental Practice Podcast Episode 151
Hosts: Dr. Peter Boulden & Dr. Craig Spodak
Guest: Patrick MacLellan – Merchant Cost Consulting
Key Takeaways:
How can you plan to hit the ground running when current pandemic is over? Merchant Cost Consulting helps you evaluate your merchant processing company and analyze what they’re charging you in fees Now is the time to tighten down and get lean & mean Merchant services are very deceptive, they’re designed to confuse and obfuscate Fees tend to increase 3-4x per year, nobody has the bandwidth to keep checking MCC does all the legwork and negotiation with the merchant processor They’ll negotiate reduction in fees going forward, and will also obtain refunds for situations you’ve been overcharged Then they police & audit monthly statements to ensure against fee-creek MCC is only compensated when clients save money MCC splits savings 50-50 – for Bulletproof listeners they’re offering 55-45 split (Practice receives 55% of savings, MCC receives 45% of savings) $10,000 in sales is $10,000 minus the cost of labor and goods sold. $10,000 in savings is $10,000.References: