Step 1: Classification ReviewLearn more
Before we do anything else, we make sure your account is set up correctly under the right industry type. This might sound trivial, but it's actually an effective way to safeguard your account and maximize your savings. Ensuring accurate set up minimizes the financial risk you would otherwise be exposed to if your account was set up with an industry misclassification. This is something that can happen with processors who don't understand your business. So, beware of rock-bottom prices and companies that don't take the time to review your account. It can cost you more money in the long run.
Step 2: Side-By-Side ComparisonLearn more
There aren't many payment processing companies that will take the time to review your bills to uncover hidden fees and price increases that hike your expenses up unnecessarily — but that's what we do. We commit to a thorough review of your monthly bills to pinpoint fees you can either lower or get rid of entirely by switching to BAMS. Our side-by-side comparison is a can't-lose solution. Either we save you money, or you stick with what you already have. (Spoiler alert: We will save you money!)
Step 3: Check for Updated RegulationsLearn more
Like every other part of business, the regulatory environment governing payments and payment processing changes from time to time. When that happens, many other payment processors fail to adjust your account to keep up with the benefits new regulations offer. Our price comparison process ensures that you're getting the full advantage of the latest pricing regulations available to maximize your savings.
Step 4: Review Your Payment Acceptance SetupLearn more
It's easy to focus on the types of cards you accept and overlook the importance of your point of sale terminal or payment gateway. But the truth is, how you accept payments is often just as important to your bottom line. That's why our analysts review your current method before making recommendation to help lower your expenses. We're committed to saving you as much as possible in all aspects of the process.
Step 5: You Request a Quote
Once the rest of the review is complete, it's time to get a quote specific to your business to see how BAMS will stack up against the cost of your existing system. We said it before, and we'll say it again: It's a win-win. Our analysts will review what you're paying now to see where you can save money, and you can compare that to what BAMS costs. If our services don't wow you and if BAMS doesn't save you money while providing value-added features to boost your business, you can stay with what you have.
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Our 5-Step Price Comparison
Our five-step process starts with you submitting your current merchant statement to us. This detailed document typically gives you a detailed breakdown of all the customer transaction you've processed and the associated fees. They also usually give you a detailed summary of the fees paid to MasterCard, Visa and other networks along with a deposit summary, transaction count and other details that give you a good picture of your payment processing picture.
Ideally, you’re already reviewing this every month. But, if you’re like many businesses, you might be overwhelmed by all the details and shy away from really looking at it. That’s where we come into the picture. We do an in-depth analysis of all the rates and fees you’re currently paying. We go line by line to figure out which items we can reduce or get rid of to save you maximum bucks without sacrificing the service you need.
What BAMS Delivers
If the price comparison alone isn’t enough to grab your interest, consider the money you’ll be saving along with the features we deliver. Since our founding in 2006, our driving goal has always centered around providing the best customer support and offering the latest technology to boost your business's profitability.
We know that technology is at the heart of a thriving payment processing environment. But we also believe that you can have the latest, greatest tools and they’re only as effective as the value they provide when you use them. So, we invest in technology to help you while valuing the human connection and providing Merchant Account Specialists that foster and grow our client relationships.
Ask any BAMS clients about our operation, and you’re likely to hear resoundingly positive feedback about our personalized service. It starts with our price comparison and continues throughout our partnerships with all our clients. But that’s not all we have to offer. A few of the other valuable solutions we provide include:
Chargeback defense: Chargebacks can be a huge problem. But with chargeback defense, you'll get instant alerts when disputes come in, e-commerce fraud protection and online dispute management. We believe that when you know and respond, you have a better chance of winning. And we want to help you win.
Reporting and analytics: Our clients get exclusive access to our proprietary tool, IRIS CRM. This powerful feature lets you see everything in one place, including daily deposits and daily transactions broken down by card type. You also get multi-account access to track unlimited businesses or locations in one spot.
Integrations: You don't have to change your checkout process. Our expert specialists are experienced in working with many popular vendors for a variety of industries ranging from e-commerce to restaurants to retail.
PCI compliance: Compliance isn’t the most fun topic, but it’s critical in this business arena. Our experts help your business get certified as PCI compliant by walking your through the process.
Next day funding: You could get funds in as little as 12 hours. BAMS batches out funds by 7 p.m. Eastern Standard Time. You'll see deposits on next business day for anything received before that time, and on the second business day for anything that comes in afterward. Best of all, this is a free service for all eligible merchants.
We make it a priority to make sure we're offering the best products, services and prices to give you the most bang for your buck. In addition to our five-step price comparison, we offer a Low Price Guarantee. If at any time during our working relationship you receive a qualified offer for a less expensive merchant account with a registered financial service provider, we'll either match or beat that offer.
What do you have to lose? Fill out our Try BAMS form or request a quote today to discover the difference a BAMS eCommerce merchant account can make for your business.
Speak with one of our agents today about how easy it is to switch to BAMS while keeping your existing system!