January 2010
Unfortunately many credit card processing companies are playing a game to see how creatively they can hide fees and disclose as little as possible on their monthly statements. Even worse some just cut off your paper statement and make you go online to retrieve your information fully expecting that most merchants won’t bother. They use “Going green” as an excuse, but what they really want to do is reduce their postage costs.
This has led to the practice that many businesses simply give up trying to figure out all the fees that they’re charged and to make it simple they enter generic entries in their accounting software to try and account for the plethora of fees and transactions that appear on their bank account and credit card processing statements.
Leap Payments offers a better solution. We proudly deliver to you free of charge a paper statement each month and provide you access to online statements. If you want to go green we will gladly not print your statement, but that’s your choice. In addition, our statements are easy to read and detail all of your fees, no hide and seek here. And finally we only withdraw our fees at the end of the month, so your daily transactions match your bank deposits and you know exactly what you’re paying to accept credit cards. We don’t have anything to hide, and you don’t need to play games.