The Great American Heist: How Credit Card Processors Steal Businesses' Profits - Hardcover

by Robert L. Day (Author), Kevin Harrington (Foreword by)

BILLIONS of dollars are being siphoned off of American businesses every year. Merchant processing is the means. Inflated, made-up, hidden fees and forced interchange downgrades are the method for stealing merchants' profits. If you think your company is immune, think again. As a former executive for one the world's largest processors and now Managing Partner of weAudit.com, I've watched this industry deteriorate for almost 25 years. It used to be that right was right, and wrong was wrong. Not so today. Greed and corruption abound, and the lack of government oversight and regulation makes it easy for them to simply take the money right out of your bank account. It's time to sound the alarm. In this book, I take you behind the scenes and show you the deceptive billing tricks processors use to overbill to the tune of millions of dollars a year for larger merchants, down to tens of thousands for small merchants. Guess this is why some say I am the most hated man in America by banks and credit card processors. For me, I wear that title as a badge of honor.