Amberly Allen from Dealer Merchant Services explains how dealerships can save significant money by properly implementing credit card surcharge programs while staying compliant with regulations.
• Working with 1,000 dealers in 45 states and endorsed by 14 state associations
• Finding hidden fees and rate increases in 26-page confusing credit card statements
• Providing on-site implementation with a 93-item checklist for proper setup
• Training over 16,000 dealership employees on compliance and customer communication
• Offering stateside support staffed by former dealership controllers who understand automotive accounting
• Saving dealers approximately 70% on processing fees ($7,000 monthly for every $10,000 currently spent)
• Generating $2.5 million in net profit savings for a 10-store group over three years
• Maintaining compliance by never charging surcharges on debit cards (used by 30-40% of customers)
• Warning against DIY implementation due to complex regulations and interchange rates
• Providing traditional processing options for dealers not ready to implement surcharging
Contact Dealer Merchant Services to get a free assessment of your current credit card processing statements and discover your potential savings.
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