Audit, Analysis & Consulting
Let us assist you and keep more profits! We will assist you in finding a new home or keep the one you have and save money on unnecessary fee’s.
Don’t assume that the fees you see on your monthly merchant statement match the rates quoted in your original merchant services agreement.
Each year, merchants pay $millions in overcharges from downgraded transactions. A downgrade occurs when a transaction is not processed according to the exact specifications outlined by the merchant processor and the acquiring bank.
When a transaction is downgraded, the fees you pay go up, sometimes as much as 100 basis points, or 1, 2 or even 3 percent. Here is a small sample of the situations that may cause a transaction to be downgraded:
- Batches are not closed on a daily basis.
- Retail merchants manually entering transactions instead of swiping the card.
- Mail Order, Phone Order, or Internet Order merchants not using AVS.
- Capturing transactions without a previously approved authorization.
- Capturing a different amount than was previously authorized.
- Capturing a transaction when the authorization has expired – typically 3 days.
- Not sending Level II/III data on business cards and purchasing cards.
IPay Consulting has successfully saved its clients hundreds of thousands of dollars in processing fees annually by performing a simple payment processing audit that identifies the extent to which your processing fees are affected by downgrades and outlines specific actions that can be taken to decrease and even eliminate those extra fees.
Simply supply us with a copy of the three most recent monthly processing statements and the name and phone number of your merchant services provider. IPay Consulting will perform a basic payment processing audit and provide you with a one-page analysis report that outlines our findings. The report will compare your audit results with actual industry averages to help you determine whether or not you should make changes in the way you currently process transactions.
IPay Consulting’s detailed payment processing audit includes a comprehensive encompasses-wide review of all aspects of your payment processing activities, including:
- Review of merchant processing relationships.
- Review of payment processing systems and software.
- Review of payment processing procedures and techniques.
- Review of basic security requirements.
- Review of processing fees and downgraded transactions.
The results of our on-site audit will be delivered in a written report that outlines all of the auditor’s findings and recommendations for your organization.
Can We Help You! Get Cash Now!
If you have operated your business for more than 9 months and process over $5,000 per month in Visa/MasterCard then the business is eligible for our financing. Seize the opportunity to unleash the growth potential of your business with additional working capital for:
- Inventory. Take advantage of volume discounts, special buying opportunities or seasonal purchases.
- Advertising. Increase the volume of your business by expanding your customer base and increasing your customer’s awareness of your products/services.
- Expansion/Remodeling. Grow your business into new markets and new locations, or attract new business to your existing locations with a new image!
- Equipment Purchases. Modernize and improve the efficiency of your business with new technology and equipment necessary to compete in your markets.
- Emergencies. Respond to the unpredictable demands of your business to maintain your competitive advantage and expand your business.
- Taxes. When taxes are due, taxes are due! Pay your taxes on time to avoid penalties, interest and liens.
- Back Bills. Get caught up with important vendors in less than 5 business days.
Leasing Equipment (Credit Card Terminals or POS Systems)
Get Started
It all starts with a concise, lease application.
Plain-English Contracts
All of our documents are easy to read and have no “loopholes”. You will be glad you chose Vend Lease.
Master Lease
Our partners are able to get you the equipment you need from multiple suppliers with one document. You select the suppliers and we make arrangements to pay each of them.
Type of Equipment
New or used—we have no restrictions.
Competitive Terms
Our “flex financing” is second to none. Our cost-effective programs include: seasonal plans, deferred payment programs, and step or skip arrangements. All are designed with your CASH FLOW needs in mind.
Add-on Flexibility
Need more equipment? No problem…we have the ability to add your purchase to your existing contract… HASSLE FREE.
Minimal Upftront Costs
Lofty down payments NOT REQUIRED! With our partners, we keep cash in your hands by limiting the amount of upfront money necessary to do the deal.
Discounted Early Buyouts
We offer you the opportunity to buy out the lease with a DISCOUNT, with NO PREPAYMENT PENALTY!
Work with someone who understands your business!
EZPAY Advantage
This is for that time when your customer faces a financial predicament (for example a pet becomes hurt or ill or a costly dental procedure is not covered by insurance), or a home emergency / improvement occurs such that stretching the payments out over a 3, 6, or 12 month period becomes the key to solving your customer’s concerns!
Electronic Check Conversion
Imagine a check transaction that feels like a credit card transaction! After scanning your customer’s check an image of the check is instantly stored in the check reader/imager! A receipt is printed from the terminal which the customer signs allowing for ACH funds transfer! You hand the check back to your customer and funds are credited to your account within 48 hours. Now you can eliminate going to the bank and worries about losing or having your check deposits stolen. Plus, you get rid of costly deposit item charges, bad check fees, banking time & effort, deposit ticket costs, & cash flow delays.
Gift & Reward Cards
Let us show you how easy it is to have your own gift card program and begin selling in as little as 72 hours! Start making money today with our turnkey gift card program. We give you everything you need to get started! Design your very own custom card or select a semi-custom design personalized with your company name.
One-Time & Recurring Electronic Debits & Credits
achXPRESS is our new & improved web-based ACH processing tool designed for small and medium-sized businesses. It facilitates the electronic transfer of an authorized payment from a consumer’s checking or savings account to the business’ bank account, and vice versa with the introduction of our new “electronic credit” feature.
Check21 Solution
Secure Payment Systems expresscheck21 is a hybrid, “patent pending” web-based ARC Check 21 solution that processes and deposits all types of paper items into electronic transactions or substitute checks, better known as IRD, all through a single point of entry system.
With expresscheck21 you can continue to accept your customer’s paper check payments, either at your business location or via the U.S. mail. You can then electronically process and deposit checks without having to go to your bank. Scan, process and deposit all types of paper items at your business location using a check scanner. Captured images and data are then transmitted for clearing and electronically deposited into your bank account.
MobileXpress21™
MobileXpress21™ is the culmination of a SPS – Mitek technology integration initiated earlier this year that unites the capabilities of SPS’ electronic transaction processing, Check 21 image-capture, and guarantee solutions with Mobile Deposit. This service positions merchants with a breakthrough in convenience, accuracy, and security for guaranteed funding of mobile remote check deposits. Already certified on the Apple Store for the iPhone, MobileXpress21™ can be downloaded by participating merchants for an easy-to-implement processing solution.
Mobile Messaging and Rewards
Mobile Messaging and Rewards is an exciting, easy-to-use mobile marketing product that will dazzle your customers. Focus on daily operations while Mobile Messaging and Mobile Rewards automatically send individualized text message gift and loyalty offers to your customers. More connections with customers means more sales opportunities for you.
Wright Express issues a private label charge card. Nine out of ten fueling locations in the U.S. accept the Wright Express card and it captures transaction data at more than 180,000 fuel and vehicle maintenance locations and 40,000 vehicle maintenance locations. Wright Express’ customer base includes more than 295,000 fleets with over 4.4 million vehicles. Wright Express markets its services directly to businesses and government agencies with vehicle fleets. Wright Express customer base is comprised of major commercial companies such as FedEx, UPS, and DHL.
Petroleum Card Services is proud to offer next day funding on Wright Express cards.
Voyager Fleet has over 1 million cards in circulation and is designed to meet the needs of large fleets. Voyager processes over 90% of the Federal Government’s fleet transactions and 70% of the State Government’s fleet transactions. Although Voyager has a large portion of government business, its commercial customer base is growing rapidly. Customers include US Postal Service, General Service Administration, and US Sprint.
Fleet One® provides financial service solutions to companies with fleets of vehicles, and the merchants that serve them. Fleet One is an affiliate of SunTrust Banks, Inc., one of the nation’s largest commercial banking organizations with total assets of $172.4 billion and total deposits of $113.7 billion. Fleet One® delivers fuel card services, factoring, electronic payment authorizations and billing, financial settlement, and a host of other value-added solutions to its nationwide customer base.
As a Fleet Card system, Fuelman benefits both fleets and merchants. Fleet managers get an advanced processing system that customizes and controls fleet spending, simplifies billing and provides convenient access to a 24-hour/365 day administrative support. At the same time, Fuelman merchants profit from a large, diverse network of fleets, which bring increased volume to their sites.
Fuelman is a division of FleetCor, The Fleet Card Company. FleetCor provides industry-leading solutions for the business fleet marketplace.
FOR MORE INFORMATION ON OUR SERVICES OR PRODUCTS PLEASE EMAIL US AT SUPPORT@IPAYCONSULTING.COM OR YOU CAN CALL AT 1-855-600-(IPAY) 4729 Ext 1