Rate Matching: How SwipeSum Helps Businesses that Can’t Switch Processors

SwipeSum specializes in finding every business the best payment processing solution at the lowest rate, guaranteed. That said, we understand that not every business is in a place where they can switch processors; there are contracts, hardware considerations, busy seasons, and more that can make the switching process impossible.

SwipeSum specializes in finding every business the best payment processing solution at the lowest rate, guaranteed. That said, we understand that not every business is in a place where they can switch processors; there are contracts, hardware considerations, busy seasons, and more that can make the switching process impossible.

Even so, our goal remains the same: to get you the best processing solution at the lowest rate. If we can’t change your solution right now, let us help lower your rates!

SwipeSum now offers a Rate Matching service as part of SwipeSum Premium services. If you’re stuck in a contract or have a strong relationship with your existing processor, we can help you to negotiate better rates so you’re not overpaying to accept credit cards.

How Rate Matching Works

  1. Consultation: During a short consultation with our payments experts, we’ll learn about your existing setup: how you accept payments, what hardware you use, your card processing rates, etc.
  2. Processor Match: Using the information from the consultation, we’ll curate processors similar to your existing provider. We have a network of 70+ processors on our platform, so there’s a strong likelihood that we can find a near-exact match.
  3. Bidding War: Just as we do with our base service, we’ll ask processors to bid for your business. The competition between processors drives rates down, increasing your ability to negotiate with your existing provider.
  4. Bonafide Quotes: After the dust has settled, we’ll provide you with the three best quotes we found. These will come in the form of merchant applications with the lower rates already filled in.
  5. Present to Processor: Present the quotes to your existing processor. These three applications will be proof that you can receive lower rates elsewhere. Most processors will happily match the rates in the quotes to retain your business. We’re happy to coach you through this step and make sure that your rates decrease as much as possible.

We’re confident that the SwipeSum process will reduce your processing rates. In fact, we guarantee it. The cost of SwipeSum Rate Matching is 25% of projected savings over one year. If you don't save what we project, we will refund the cost completely. That’s right, if you don’t save, you won’t pay a penny.

If you’re interested in learning more about SwipeSum’s Rate Matching service or any other SwipeSum Premium service, please call (314) 390-1461 or email save@swipesum.com.

Taft Anderson

Taft Anderson is the former Product Marketing Manager of Swipesum. A graduate of Washington University in St. Louis' Olin Business School, Taft is a content and branding expert.

Read more
SCHEDULE a CONSULTATION

Meet one of our payments experts to see if working together makes sense.

We will schedule a quick consultation call to go over how you're currently handling merchant services at your bank, show you our menu of options, and plan for a successful launch.

Swipesum.Insights

SWIPESUM.CONSULTING

We help businesses make intelligent payment decisions.

Learn more about Swipesum
audit

Start with a free audit of your payments processing statements

Schedule an audit
consultation

Connect with a payments expert and get a free initial consultation

Book consultation