Note: Merchants asked to reveal their processing rate often tell us about their ‘qualified’ rate or an effective rate not inclusive of all provider fees. This misunderstanding is far too common for an expense that has significant impact on the operating margin of a business. The payment industry is complex. Stryde can help
Expense Reduction Solution
The Stryde two-phase approach to expense reduction is unparalleled in the payment industry. We correct
the processing plan to reflect the most competitive plan type and rate, using formulated, specific asks of
the existing provider. Our team then works with the client to further reduce the non-negotiable fees
through processing optimization – where we help qualify payment transactions at lower interchange rates
by passing through additional processing data.
Phase I We ‘right-size’ the account plan, placing the merchant on the correct plan type with the
most competitive plan rate. Savings are immediately realized moving forward.
Phase II We implement ‘processing optimization’ where we help the merchant correct future
transactions to avoid downgrades and satisfy Level 2/3 processing requirements.
Stryde has tools to audit and analyze credit card processing, and we are uniquely positioned to secure the
lowest possible card processing rate, ensure accurate billing, and help merchants reduce their overall
payment processing expenses.
Stryde is ready to make a difference to your bottom line by delivering maximum transparency and
measurable results. Our experience and expertise in the payments industry, along with our proprietary
auditing tools, will deliver unparalleled expense reduction results.