Thursday, April 28, 2016

From the Fresno Bee today, 4-28-16:

April 27, 2016 9:20 AM

Tech transition makes retail payments a confusing mess

Swipe your credit card or insert it in a slot?
Can you find a merchant that takes Apple Pay or Android Pay?
Out of the 1.2 billion payment cards in use in the United States, about half of them now are chip cards, according to the Electronic Transactions Association, which is the payment industry’s trade group. Francine Orr Los Angeles Times file

Read more here: http://www.fresnobee.com/news/business/technology/article74185967.html#storylink=cpy

You’ve got to remember to not pull out your card before the process is done for fear that the payment terminal might beep at you or a clerk might yell at you, or both.
And if you’re savvy enough to have Apple Pay or Android Pay set up on your phone, good luck finding a merchant that accepts either. Heck, you may even have a tough time finding a merchant that knows about either one.
In terms of how to pay or which way you can pay, “you don’t really know what to expect when you go into a store,” said Jordan McKee, a senior analyst who covers the payments industry for 451 Research, a tech industry consulting firm. “It’s an absolute mess.”
(Read article here.) 

*************

YOU GUYS HAVE YOUR WORK CUT OUT by getting merchants into 2016 (see above) -- let alone telling relevant merchants about Zero Cost Credit (see below) AND the fantastic DW Audits for businesses (also see below)! 

We should all be doing this full time like our hair's on fire!
Image result for hair's on fire
Who'll be first?

**************

ZCC -- (great video in your DW interface) -- plus a few items here...
  • Zero-Cost Credit Accept Credit Cards For 0%

    For All Merchants

  • Pass on your full cost when consumers choose credit cards
  • Receive 100% of the amount of your sale
  • Pay only for the debit cards you accept

THE RULES HAVE CHANGED

New rules allow merchants to add a fee for the use of credit cards. Merchants are not permitted to add a fee to debit cards.

Our patent-pending technology ensures regulatory compliance by determining whether a given card is a credit card or a debit card before the transaction is processed. Zero-Cost Credit automatically applies a fee whenever a credit card is swiped or entered so that you receive 100% of the amount of your sale.

Zero-Cost Credit increases consumer fairness.

Credit cards cost more to accept than cash or debit cards. Under the old rules, merchants were not able to add fees for the use of credit cards, so they passed on this cost to all customers.
When all customers bear the cost of credit cards, the average credit card user receives a subsidy of $1,133 each year from customers who choose cash or debit.1
1 Federal Reserve Bank of Boston, “Who Gains and Who Loses from Credit Card Payments?” Public Policy Discussion Paper No. 10-03, 2010.

Not suitable for all merchants, but great for some  categories including tow truck operators, electricians, plumbers, aviation services, as well as extremely beneficial for schools, government entities, tutoring services. 

(Not to mention this product has GREAT RESIDUAL for you!!)

***************

Great Audit call with Jim todaty -- notes tomorrow.  In the meantime check the DW Audits page here to view some industries you can help with an audit. Click on each link for info.

BUT WAIT -- THERE'S MORE!!

Your merchant wants to franchise himself?  YOU CAN HELP!

The undeniable worldwide success of franchises, is due to the enormous advantages it offers, consisting of a very stable model to expand a business and penetrate markets.

It is also the safest and least risky way for an entrepreneur to own a business, making him the beneficiary of the synergies that franchising offers, that is, to be part of a regional, national or worldwide network.

What is a Franchise?

It is a strategy that allows for the penetration and domination of markets, that permits the owner of a trademark to reproduce the elaboration of goods and / or services that he has developed successfully, through the implementation of administrative and operative procedures, so that a third party that invests work and capital, can reproduce them in other markets with the same quality.
The main consideration so that a Franchisor requires the transfer of his know-how, is that he doesn't have enough capital to expand his business/trademark to other markets, and therefore requires of a third party (Franchisee) in order to achieve this.

What is a Franchisor?

It is an individual or company that possesses a certain trademark and marketing technology (know-how) of a product or service, who contractually cedes the rights and transfers the use of these, as well as committing himself to provide support and assistance in the organizational, managerial, administrative and marketing areas to the business of the franchisees.
What is a Franchisee?

It is an individual or company that contractually acquires the right to market a product or service within an exclusive market, utilizing the benefits that he gets by using a certain trademark, and the support he receives in the training and management of the business.


Advantages for the Franchisor
  • Strengthening and preservation of his trademark.
  • Low investment in the expansion of his business.
  • Better operative efficiency in the new units directly operated and supervised by the Franchisees.
  • Increase in the coverage and development of markets.
  • Charge of an initial fee for the rights to use a trademark (which allows him to recuperate in the medium term the investment made in the development of the franchise system).
  • Charge of monthly royalties based on the gross sales of the products and services marketed through the awarded franchises.
Advantages for the Franchisee
  • Reduction in the risk and uncertainty factors by investing in a proven business format.
  • Permanent innovation in the methodological and technological aspects of the business.
  • Continuous support on the part of the Franchisor.
  • Documented training based on the Operative Manuals.
  • Access to administrative control systems and evaluation of the performance of his point of sale.
  • Training in the productive processes of products and services.
  • Sense of belonging to a consolidated network of franchises.
  • Access to promotion and advertising programs.
  • Increase in his personal prestige by getting involved in a successful business concept.
If you require a professional with ample experience in the subject of franchises,
contact us today!

Set up a Discovery Call for him today with our Franchise Specialists and let them handle the rest -- and YOU get paid.  Very well.

Yes, you're going to get used to this!







Wednesday, April 27, 2016

Snippet from Jim Colip re. Audits --






Don't forget Audit call tomorrow!

THURSDAY:  COST REMEDIATION (AUDITS) Q & A

Join us this Thursday!

Thu, Apr 28, 2016 11:00 AM - 11:30 AM PDT


Please join from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/391649925
You can also dial in using your phone.
United States +1 (872) 240-3212

Access Code: 391-649-925

Registration Link

Tuesday, April 26, 2016

THURSDAY:  COST REMEDIATION (AUDITS) Q & A

Join us this Thursday!

Thu, Apr 28, 2016 11:00 AM - 11:30 AM PDT

Please join from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/391649925
You can also dial in using your phone.
United States +1 (872) 240-3212

Access Code: 391-649-925

Registration Link


 Make time to start catching up on this offering for your merchants -- the ones you have and the ones you want to have!

Will post notes here on Friday.

******************


In answer to the questions we've had about Maury's email yesterday about the 65% merchant savings, Maury's Merchant is an attorney firm  and the current processor is Wells Fargo. No,  I don't know how they were over-paying that much -- that's why you submit the statement,  guys.   Some people save 5%,  some people save 25%,  some people save more...there is no hard-and-fast rule because how much we can save them depends on how much they're over-paying their current processor.

It's a great business though;  when you save  a merchant money,  you really feel like the guy on the White Horse in the white hat.

************

Have you looked at Clover Mobile for your merchants?  This video explains why merchants love it -- and you can 'share' it from the Marketing videos in your interface like I've done here:   click here.

************






Monday, April 25, 2016

From the Inbox just now:

Hey guys.  Look at this one.  WOW.  Over $1500/month -- 65% savings-- What a savings!!!
Maury Sasso
"Your Success is Our Success"

************ 

From South San Francisco:
Jim Colip explaining the future with Audits to a rapt crowd!

Great time to be a DW Agent...
Rick Andersen, Top Agent and part of the original group at John Daniels' house when DW was born, shares some DW Truths as only he can: 

Friday, April 22, 2016

Team building:  Observation from Mike --

This is for sure a fun part of our biz.

After 23+ years full time, we have learned few things.

Either u know prospect or do not know them.

If I know they have done MLM, I talk
about one time fee, and all the no's DW has.

If they never done MLM, ask what they do for living.

Perfect example:
My neighbor has huge welding biz and did work for me last week.
I started general conversation bout his biz and learned a lot.  Never done MLM and does welding for super successful Biz Owners.

 I asked this question!!!

"How much money do you make when you are NOT welding???

None he said.

I told him I was making money standing in his shop

He and his wife are brand new Agents and he has a huge inventory of  biz owners and since we are now in Auditing Biz-- lots of areas to share with them.

Everyone reading this could go enroll a new Agent today.  Just ask few questions and listen to answers.

*************

Team building....

Marlyn Ano, Arsenio Silva, and Cora Mandapat with booth at trade show in San Jose Thursday!
 **************

Cora says they met lots of merchants and got lots of great leads!  And ate some awesome food...

Thursday, April 21, 2016

DW Audits Page

Check the new DW Audits page HERE for docs you can print off, personalize and hand to your merchant when you sit down with him.  And you will be happy to audit his card processing statement to see if he is being overcharged!  All you need for the first is his answers to the Cost Remediation Questionnaire; for the second, his processing statement!


Stomping Grapes...





DIGITAL WORLD SATURDAY

Saturday, April 23, 2016
1:00 pm to 5:00 pm Business Presentation + Training
 Special Guests: Mike and Barb Lammons
                         Jim Colip, & More TBA
             Hosts: Arsenio Silva & Cora Mandapat

             (Best Western) GROSVENOR Hotel
                                380 South Airport Blvd
                 South San Francisco, CA 94080
                           Tel.  650-873-3200


The wait is over for the opportunity you have been seeking.  Learn how to make money  with Apple Pay, NFC, EMV compliance, best rates, and always saving business owners money by cutting every expense available!


UNIQUE OPPORTUNITY - NO AUTOSHIP -
NO HIDDEN COSTS - LOW ONE-TIME START UP FEE


Lock in your spot today and become part of the Team!  
   
          Session 1: Digital World – 1:00-3:15pm           
          Session 2: IBSP             - 3:30-5:00pm     
                       

**************** 

Mike's label for his audit flyers:

 
FREE AUDIT! 'We have saved businesses millions' --let us work for you.  NO COST.                                                                          
           Michael Lammons
                559.824.3254   

*************
Audit flyer:



MORE ABOUT US…

Digital World  is proud to offer its merchants access to the most comprehensive and proprietary business consulting services in the industry.

Through our combined services and platforms, we have saved the business owners we serve, hundreds of millions of dollars and have done so at no risk to them. Our industry leading growth and success is the result of the superiority of our approach with prospective clients, wherein we put the needs/interests of those clients ahead of any interests of our own. 


WE have assembled "The Best of The Best" - multiple teams of experts in specific niches that benefit a business. Whether a business requires operating capital, cost reduction services, synergistic alliances, strategic management or more, we offer the best/only solution.  For example, our Tax Abatement Team of Real Estate attorneys is focused on challenging property taxes for our clients. That is all they do, they know how to do it, and they are very good at getting positive results.

Today, most people carry a high deductible plan for their health and prescription drug coverages. As a result, most will never reach their threshold and, thus, will be forced to cover their medical and Rx expenses themselves.  We can help these families by offering a FREE discount medical services program and a FREE discount Rx card, enabling everyone to save a significant amount of money on their health care costs.

We only get paid if we deliver results. Since we work on a contingency basis, there is never any risk to the client. Our compensation is derived from the savings or cost reductions that we find for our clients.

***********

DW has always been in the auditing business;  we take a merchant's processing statement and audit (analyze) it to determine if they are overpaying.  We still do that -- but now  getting merchants money back on OTHER areas of their business makes getting their processing business a shoo-in! 

************


 Onward and upward, Agents!  Now is no time to sit down with your "I Love Lucy" shows -- consider what Lucy had to do to earn her hair dye:  DW is the way to go!



 



Monday, April 18, 2016

Digital World Discovery Calls

TODAY'S FOCUS:  Setting up DW Funeral Home Discovery Calls for auditing.  Here are some 'why's":

Why Funeral Homes?

An often overlooked industry for federal tax incentives is Funeral Homes. In this industry, the business has often remained “in the family” for many years, even generations. As a result, federal tax incentive eligibility has rarely been investigated.

Fortunately, for Funeral Home owners, there is likely a considerable benefit waiting for them. Since most Funeral Homes have been purchased or constructed for over $1,000,000 and the business is generally paying taxes at a high bracket, they are ideal candidates for the Cost Segregation tax benefit. Furthermore, we have seen many Funeral Homes across the nation undergoing significant renovations, most of which qualify for the benefit as well.
If you own a Funeral Home and have yet to complete an Engineering-based Cost Segregation study, now is the time to investigate this benefit -- AT NO COST TO YOU. Your bottom line will thank you!

Funeral Home

Funeral Home, Michigan
Cost Segregation Benefit ~ $174K
**********


© Patthama - Fotolia.com

Specialized Tax Incentives for the Funeral Home Industry

The IRS Is Trying To Help Funeral Homes Pay Them Less! (Don’t believe it? – read on)
This statement is directly from www.irs.gov, “Buildings and structural components have substantially longer depreciable lives than personal property. Therefore, it is desirable for taxpayers to maximize personal property costs in order to accelerate depreciation deductions and, hence, reduce tax liability.”
This largely overlooked tax strategy often reaps over $100,000 in tax benefits for a typical funeral home.
This strategy dates back to 1959 when the U.S. Tax Court allowed building owners to pursue component-based depreciation. In 2004 the IRS established a ‘Cost Segregation Audit Techniques Guide’; the Guide provides clear direction regarding how to establish the cost basis for non-structural building components and which depreciation time-lines to use for electrical wiring, plumbing, partitions, carpeting, finishes, parking lots, landscaping (and other qualifying components).
Think of it this way; why depreciate, say, carpeting in a 39-year time-line as if it were a structural steel beam? The IRS allows building owners to depreciate many such items in a more appropriate 5-year time-line. In fact, roughly 20% of your Funeral Home could likely be moved from 39-year to 5-year time-lines!
And just when you think you’ve died and gone to heaven (a little Funeral Home industry humor), it gets better! The IRS allows you to move such depreciation that you didn’t claim in years past, so-called ‘catch-up depreciation’, into your current tax year without having to do an amendment. Your CPA can move this ‘catch-up’ figure to your current tax year through a simple 481 change in accounting method.

The IRS recommends that building owners wishing to take advantage of this logical and well-established tax strategy conduct an Engineering Based Cost Segregation Study which documents:
  1. A building’s qualifying non-structural components and
  2. The depreciable cost basis for each of those components
The Study also places each component in the appropriate time-line per the IRS Guide.
For additional information or to set up a Discovery Call, contact your local DW Agent.

************* 

If you'd like the above in letter form for you to give your local Funeral Home owner, let Barb know.

*************

Weekly Wrap-up Call recording click here.

*************

DW Training and Introduction Event Saturday, April 23, 1-5pm

Best Western Grosvenor Hotel, SSF, off  101 at north end of SFO.

 Full details posting Wednesday -- line up your peeps and be there!

************ 

What?  Your friend owns a restaurant, not a funeral home?  A Discovery Call can help them, too!

 

Two of the Biggest Tax Breaks for the Restaurant Industry

Two of the biggest tax provisions that affect the restaurant industry are the 15-Year Restaurant Depreciation and the Worker Opportunity Tax Credit.

15-year Depreciation
Simply put this provision allows a taxpayer to allocate the costs of an asset over the period in which they are used.  The 15-year Depreciation provision allows leasehold improvements, restaurant improvements and new restaurant construction, and retail improvements to be depreciated over 15 years rather than the standard 39-year recovery period that would normally apply to nonresidential real property.
Due to the nature of the industry restaurant buildings experience daily wear and tear that many industries do not.  As a result of this increased wear and tear, most restaurants remodel or update their buildings every six to eight years.  Thus, the 15 year provision more accurately fits the recovery timeframe.
Benefits of the 15-year Depreciation provision:
  • Reduces cost of capital expenditures
  • Increases cash flow
  • Allows hiring more employees
  • Allows capital expenditures to expand business
  • Reinvestment in construction & renovations positively affects the economy
Worker Opportunity Tax Credit
This tax credit is made available to employers who hire individuals from several targeted groups facing significant barriers to employment.
Examples of WOTC-target groups:
  • Veterans receiving food stamps or are unemployed suffering a service related disability
  • Former Felons
  • Disconnected Youth
  • Family Members receiving TANF
Currently the restaurant industry employees over 13 million people nationwide.  Many of these individuals were hired specifically due to the WOTC act being in place.   The WOTC provision allows workers who may not have been able to, move into self-sufficiency by earning a steady income and becoming contributing taxpayers.
Hiring from the group of qualified job seekers via the WOTC provision can mean direct federal tax savings to your business ranging from $1,200 to $9,000 per qualifying employee.  Restaurants tend to experience better than average qualification rates in state and federal hiring credit programs.  Hundreds of thousands of dollars are provided via this provision annually.

Digital World Discovery Calls discover how we can benefit your merchants in a number of areas and benefit YOU at the same time!

Image result for happy cats

 



Thursday, April 14, 2016

What to say to get the Cost Remediation conversation started?  Here are some ideas:

I work with a company that specializes in helping businesses cut every expense available. We can increase your Revenue without increasing your sales and we do it at our own risk ...you only pay us for  performance.  Over the last 10 years we have gotten back over four hundred million dollars for our clients.  Our specialized consultant Services puts more money in your pocket.  A brief questionnaire can give you a ballpark estimate -- do you have 15 minutes?

*************

Great interview by Agent Sean Stecker with local talk show -- Sean has a few good things to start a conversation with:








**************

Wednesday, April 13, 2016

News! Update!

Mr. Jason Ziccarelli himself of IBSP will be the Special Guest on the webinar today at noon. The webinar will be online or you can call in if you are not near a connection. Please check interface to register or  get the information. This is going to be an exceptional few minutes you do not want to miss. Be sure to let all of your team know. If you cannot get in your interface contact Mike or  Barb  or another team member for the dial-in information.  C u there!

Monday, April 11, 2016

GET REGISTERED TODAY!  USE LINK IN YOUR INTERFACE, INFO BOARD -- 
 "Digital World Agent Training Series".

Cost remediation 1.0 with Jim and Chris!
 
Wed, Apr 13, 2016 12:30 PM - 1:15 PM PDT

 ***********

Copy-paste-print:


Digital World  is proud to offer its merchants access to the most comprehensive and proprietary business consulting services in the industry.

Through our combined services and platforms, we have saved the business owners we serve, hundreds of millions of dollars and have done so at no risk to them. Our industry leading growth and success is the result of the superiority of our approach with prospective clients, wherein we put the needs/interests of those clients ahead of any interests of our own. 





WE have assembled "The Best of The Best" - multiple teams of experts in specific niches that benefit a business. Whether a business requires operating capital, cost reduction services, synergistic alliances, strategic management or more, we offer the best/only solution.  For example, our Tax Abatement Team of Real Estate attorneys is focused on challenging property taxes for our clients. That is all they do, they know how to do it, and they are very good at getting positive results.
Today, most people carry a high deductible plan for their health and prescription drug coverages. As a result, most will never reach their threshold and, thus, will be forced to cover their medical and Rx expenses themselves.  We can help these families by offering a FREE discount medical services program and a FREE discount Rx card, enabling everyone to save a significant amount of money on their health care costs.

We only get paid if we deliver results. Since we work on a contingency basis, there is never any risk to the client. Our compensation is derived from the savings or cost reductions that we find for our clients.

SCHEDULE YOUR CONSULTATION TODAY!  Call:





*************



 

Friday, April 8, 2016

Some info about our cost remediation strategic partner:


Industries Served

We offer a wide variety of service solutions, to an even wider variety of industries. Our focus is to bring seemingly complex specialized tax incentives to small and midsize business owners, without the hassle. We understand most commercial property owners, manufacturers, and employers are focused on their core business, and often do not have the time or resources to look for available programs.
Our team understands the value of your time, and will work quickly to determine which programs you may qualify for. In as little as 15 minutes we can determine if you qualify for any programs, and even provide an estimate of how much benefit you may be looking at.

Average By Industry

Manufacturers $270K
Commercial Property Owners   $170K
Employers $90K                     Car dealerships   $250k
 

Some of Our Clients

logo3logo_1
logo4logo7logo2

Our Services

Completion of cost segregation studies, property tax recovery, energy tax incentive audits, hiring incentives, and manufacturing tax credit studies have yielded over $400M for clients to date.   Our national team of industry experts will work with you to discover which services are right for your business, and can even provide a calculation of benefit that each service will yield.

Methodology

We provide our clients with the highest industry recognized level of service and a single solution to capture the broadest range of federal, state and local tax credits and incentives. We structured our organization and processes to meet all of the challenges commonly experienced by companies attempting to capture financial savings and reinvest in their businesses with a focus on each client’s specific industry, circumstances and goals.
Throughout each project our team works side by side with our clients, CPAs, and accounting staff to ensure a smooth integration of these lucrative tax credits.

Why Choose Us?

  • Over $400M in Client Savings
  • Industry Specific Experts
  • National Strategic Partnerships
  • Collaboration with your CPA Firm
  • Proven Track Record
  • Free Consultation / Estimate
  • Dedicated Client Commitment
************


***************
Regarding the zero cost credit availability, government and school entities IN EVERY STATE can sign up for it but call Peter or Casey with NxGen and handle it through them.

Other merchants can use the app in your interface.

**************
Welcome to all the  Agents beginning their new career with DW!  Please contact DW, Mike, me or your up-team for help!

*************
Barb: Can't wait for my next hair appointment --- signing up stylists on EMS+ from square!
*************
Remember April 23 event in SSF, CA -- 1-5pm   Grosvenor Hotel at north end of SFO.  Contact Barb for flyer ....come.  Bring team.  Great training event.
*************
Weekend Note:  you bunch of ragtag know-nothings have already submitted or are in-process on 2 accounts over $30M/annually, and one over $20M/monthly, one small oriental restaurant who, it turns out, has nearly 40 others and wants DW to help franchise! -- and scads of smaller accounts.
Tip:  those small hair stylists can lead you to incredibly large businesses.

Help every merchant and enjoy the journey!

And remember to approach that awesome local eatery that you love with the news that you can help him franchise/sell/expand so when he's ready, call on you.
 *************
GO WARRIORS!  
The Golden State Warriors were created by a bunch of businessmen and investors who saw a niche of opportunity and filled it it.  Along the way they completely revolutionized  basketball. (Great article in WSJ.)
The opportunity that we have with Digital World is quite similar:   we've found a niche in the market place and are filling it.  Expand your horizons. Get familiar with your interface. Share with others. And become part of a revolutionary business -- Right Where You Are. 


Wednesday, April 6, 2016

Want to know more about the origin of 'zero cost credit'?  Here's some history on how Visa came to pay $6 billion in restitutions and allow merchants to pass processing fees on credit cards along to consumers:

Local Governments Now Allowed to Charge Fees for Accepting Credit and Charge Card Payments

About the author

Kara Millonzi

This entry was posted on February 8th, 2013
In a previous post, I detailed how the major credit card companies (Visa and MasterCard) effectively prohibited a local government or public authority from assessing a surcharge on customers who remitted payment of fees, assessments, and sometimes even taxes, by credit card, charge card, or debit card.
That all changed on January 27, 2013. A court-sanctioned settlement between retailers, several major banks, and Visa and MasterCard, arising out of a class action anti-trust lawsuit—In re Payment Card Interchange Fee & Merchant Discount Antitrust Litigation (1:05-md-01720-JF-JO)—now authorizes merchants (including government entities) who accept credit and charge card payments to impose a “checkout fee” on all credit and charge card transactions.
The Lawsuit
The lawsuit, filed on behalf of merchants in 2005, alleged, among other things, that the credit card issuers unlawfully fixed interchange fees.  An interchange fee (also known as a swipe fee or discount rate) is the fee paid by merchants to the credit card-issuing bank for the privilege of accepting credit or charge card payments. The fees are set by the credit card networks and vary based on type of card, regions or jurisdictions, card brand, type and size of merchant, and type of transaction. The fees typically include a flat fee plus percentage of the total purchase price involved in the transaction and average about 2-3 percent. The price-fixing claim arose out of the practice of Visa and MasterCard to set fee schedules centrally, which were then followed by other card issuers.
The parties reached a settlement in July 2012, which was preliminarily approved by Judge John Gleeson in In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, WL 5989763 (E.D.N.Y. Oct. 24, 2012).
Settlement Provisions
According to the terms of the settlement agreement, effective January 27, 2013, Visa and MasterCard allow merchants to impose surcharges, referred to as checkout fees, on credit and charge card transactions. (The definition of merchant includes government entities that accept credit or charge cards as payment for fees, assessments, or taxes.) A merchant may assess surcharges at either the brand level (such that the charge is the same for all Visa or MasterCard transactions, regardless of the card’s issuer or product type) or product level (such that the charge is the same for all transactions on a particular Visa or MasterCard product type, regardless of the issuer), but not both. And a merchant who chooses to surcharge must comply with certain notice, disclosure, and rate limitations.
Notice. A merchant must notify Visa or MasterCard, and the merchant’s acquirer (the bank or financial institution that processes the credit and charge card payments for the merchant) at least thirty days before imposing surcharges. The notice must specify whether surcharges will be assessed at the brand level or product level.

Source and complete article here.

**********
Download app from interface for review -- will post proper procedure as soon as I get it from Avita.

*********

EMV --- WHERE U B?




AND





Chargebacks Rise

The Oct. 1, 2015 liability shift, which moved EMV fraud liability to the companies that are unable to handle EMV cards, is starting to take its toll. The Kroger grocery chain reports operating costs rose 23 points during the final quarter of 2015, in part from higher chargeback losses.


*************


 Keep preaching EMV to your merchants --- the pressure of fraud losses is mounting!

**************

News from the Field:


New Agent Steve Sasso set up an appointment with a huge car dealership in the area and asked Mike to go with him yesterday. They were armed with the cost remediation information downloaded from the interface. 

By the way if you haven't looked at that yet it is amazing!

The manager of the car dealership was enthusiastically receptive and checked almost every single box of the 17 boxes that are on there for audits.... he said they have never had any audits of this type and he's really excited about it.   He is preparing their statements to be picked up for submission.

If you haven't tried to talk to a merchant about getting  back a serious amount of money through one or more of our specialized audits,  you haven't lived!   Try it -- I think you're gonna like it !

************







Tuesday, April 5, 2016

MORE ON COST REMEDIATION AUDITS:

(From yesterday's Q&A call)

  • Ongoing savings to the client generate ongoing commissions residually for the ongoing life  of same

  • On average, low end money recouped to clients = $50-60,000.00; high end =  several hundred thousand dollars

  • Client keeps half of recouped funds and pays half, which is the commissionable part to IBSP and DW  (us)

  • PARTNER IBSP is preparing an app for all DW Agents to load on your phone. Then you simply
  1. Sit down with company owner
  2. Open the app
  3. Answer and fill out discovery questionnaire
  4. See estimated  total we can  get back or save for them
  5. "Well, Mr. Business Owner, based on what you've told me it looks like we can save you $150,000.  How does that sound?"
  6. Next step:  set up half-hour Discovery Call.

Think you can do that?

OH YES YOU CAN!!! Can God get any gooder to us?  If I can't do this I'm going to hang up my rock n roll shoes!!

App should be ready in 2-3 weeks -- WAIT FOR ANNOUNCEMENT OF IT -- DON'T CALL IN!

In the meantime down load and print off the 3 Cost Remediation forms in interface to get familiar with this AWESOME service and get it to your key merchants!

*************

Let's see.... what else..... oh yes:  average savings to car dealerships -- $250,000.

TWO KEY PHRASES to throw in to every conversation with merchant:

we specialize in    _____________ Car dealerships  Funeral homes    Mfg. plants    Commercial real estate  (you get the picture)  AND

at no risk to you    we take all the risk -- we do the audit  at our own expense with no money upfront

Monday, April 4, 2016

DW April 4 Wrap-up Call -- listen...click here.

Lots to 'wrap-up' -- and more coming daily! 

**********

New Spanish DW video.... send  to your list by sharing from Video section, Marketing Videos.  Click here to see!


*********