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Overpaying for Credit Card Processing? How to Do Something About It

Updated: Apr 28, 2021


Anyone that's run a business knows that credit card processing fees can add up to tens of thousands of dollars a year, if not more, in expenses. On top of that, these fees are only going to increase as more and more people elect to pay by card. It's as if the processors have a royalty on your business. You probably know all this, and you probably also know that your processor is charging you more than they should. But negotiating to get lower rates is painful, time consuming and non-transparent. We like to think we know a thing or two about payment processing, and sometimes even we are surprised by what sales agents will tell us. The issues listed above, are exactly why we created Zilment.

We believe that no business should have to pay to get paid, and that business owners should be empowered to find the lowest rates and equipment that best suits their needs, all in a convenient, quick and transparent format.

Step One: Find Out if How Much You're Overpaying


Credit card fees can be complicated, and to make matters worse many processors use deceptive pricing models or mislabel fees to hide how much they're really making. In order to help you, we've put together a few quick tricks to keep in mind next time you get your statement:


8 Tricks to Know If You're Overpaying

1. If you see the words "qualified", "mid-qualified" or "non-qualified" on your statement

2. If you are on a flat-rate

3. If your processing rate is more than 2.10%

4. If you are leasing equipment

5. If your swipe fee is more than $0.05

6. If your monthly fees are more than $25.00

7. If you have any annual or termination fees

8. If your processor ever raises rates


To learn exactly how much you're overpaying, we've created a model that breaks down your fees and then provides you with an analysis in an easy-to-read format. All you have to do is submit a statement here. An example analysis can be seen below.


Free Zilment Analysis


Step Two: Shop the Market


The Quickest Way to Find Lower Rates.

Negotiating to get lower rates is painful, time consuming and non-transparent. Furthermore, while there are thousands of payment processors, there are far fewer good ones. So we've created a one-stop shop to find the lowest rates on the market, all from processors that have been vetted for customer service and their processing capabilities.

We not only partnered with multiple vetted payment processors, but we also negotiated to get rid of or lower many fees that they typically charge, passing those benefits onto you.

That's why we work with more than just one payment processor, because when they compete, you win.

In fact, this approach has been so successful that to date we've been able to lower businesses processing fees by an average of 50% resulting in $10,000 in average annual savings.

To learn more about the rates were typically able to find businesses click here.


Get Better Equipment, For Free.

Because we have so many partners, we're able to offer a wide variety of equipment and payment solutions. Whether you want a standard terminal or POS, or just want to take payments over the phone, we put together all your options and let you decide which option is best for you, and often we're able to give it to you for free.

So for example, while Apex Processing might only work with CardConnect and sell FirstData equipment, we not only can offer the exact same solutions but can also offer solutions that CardConnect / FirstData don't offer.

This is why we work with so many partners, because we believe in letting you decide which solution is best for you, without being limited to one suite of products. We also tell you things that other processors won't, like disclosing software fees, batch times and other hidden expenses, and we never push equipment leases.


More Choices, More Solutions

See just a few of our equipment options below:

Mobile Readers

Standard Terminals

Smart Terminals


Additional Benefits When You Choose a Quote Through Zilment

We take fees very seriously, so you should also know that any quote chosen on Zilment comes Zilment Certified. This means:

  1. Zero termination fees: Cancel without penalty, for any reason or no reason at all

  2. Zero set-up fees: No application fees, installation fees or set-up fees

  3. Zero hidden fees: No batch fees, no next-day funding fees, no account minimum fees

  4. Zero Annual Fees: No quarterly or annual fees or regulatory product fees

  5. Free fee lock: No seasonal or annual rate increases. Ever.

  6. Free equipment option: Free standard terminals with any quote chosen


Step Three: Switch and Save


Nobody likes change, but sometimes change is good. That's why if you've found a lower rate, you should switch. We know your time is valuable, and that you can't afford to have any credit card issues. So with Zilment you can switch in as little as 10 minutes, without having to worry about any downtime or business disruptions.


Sign-Up Online, We Handle the Rest

1. Apply: Fill out an online application in as little as 10 minutes

2. Get New Equipment: Equipment ships to your business, free of charge

3. Plug-In: Unplug your old equipment, plug-in the new equipment

4. Done: That's it


You also get 24/7/365 support if you have any questions regarding your equipment set-up.


If you're tired of being overcharged, it's time to do something about it. Get started today.


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