COST REDUCTION CONSULTANTS

Chandler, Arizona

Robyn S. Bowles

Business Optimization Specialist
Office: 480-801-9070

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Noel Liberty

Optimization Specialist
Office: 480-801-9070

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Financial Insights and Trends
Merchant Services

Fee Increases

We continue to see various processing fees (Card Network Fee and Markup Fee) increasing as processors adjust for inflation.

In addition, twice a year – in April and October – Visa, Mastercard, Discover, and AmEx (the card networks) release updates to their programs and fee structures (usually an increase). This is the Interchange Fee that you see below in the graphic.

Addressing these increasing costs is not a one-size-fits-all. Solutions can include changing providers, adopting new technology and adjusting fee structures based on transaction volumes.

Businesses should be aware of the various cost increases associated with merchant services and the options for reducing these costs.

More integration options

We continue to see the development of more software integration options for businesses who utilize both merchant services and ERP systems. Some of the newer integration options include ERP systems such as QuickBooks, Sage and NetSuite. Integrations offer a great opportunity to find savings in merchant services fees as it opens up more processing options.

Businesses should explore software integrations as a way to decrease costs and increase the efficiency of their internal processes.

Mobile Wallets and Contactless Payments

With the growing popularity of ApplePay and Google Wallet, more consumers are paying with their smartphones for transactions both in-store and online. These options are very popular with the Millennial and Gen Z generations who prefer the convenience and speed of digital payments.

As the graph below indicates, the popularity of digital wallets will continue to increase.

Businesses should consider the addition of digital wallets to their merchant services options.

Please feel free to share this update directly with your clients. If you are interested in white labeling this monthly content with your own branding, please reach out (by replying to this email).

Schooley Mitchell offers expertise in reducing the cost of merchant services, the integration of various ERP systems and the introduction of digital wallets.

If you have any feedback on this newsletter or would like to discuss the topic further, let’s meet:https://calendly.com/robyn-bowles/meeting_with_robyn

® SCHOOLEY MITCHELL 2025

Newsletter Insights

Stay informed with our curated collection of newsletters, each focused on a key cost-saving category. These newsletters deliver timely financial insights, market trends, and actionable strategies to help businesses reduce expenses and optimize operations in each area.

Merchant Services
Small Package Shipping
Telecom
Waste
e-Signature
Non-Profit
Less Than Truckload
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When it comes to saving money for your business, the best time to start is right now. Reach out today for a risk-free analysis of your business expenses.

Schooley Mitchell saves our clients an average of 28%, and our entire process takes less than two hours of your time on average. Stop paying your vendors more than you need to. Let Schooley Mitchell put that money back in your pocket.