Credit Card Compliance: How Dealers Can Save Millions Without Sacrificing Service

Amberly Allen from Dealer Merchant Services explains how dealerships can save significant money by properly implementing credit card surcharge programs while staying compliant with regulations.• Working with 1,000 dealers in 45 states and endorsed by 14 state associations• Finding hidden fees and rate increases in 26-page confusing credit card statements • Providing on-site implementation with a 93-item checklist for proper setup• Training over 16,000 dealership employees on compliance and customer communication• Offering stateside support staffed by former dealership controllers who understand automotive accounting• Saving dealers approximately 70% on processing fees ($7,000 monthly for every $10,000 currently spent)• Generating $2.5 million in net profit savings for a 10-store group over three years• Maintaining compliance by never charging surcharges on debit cards (used by 30-40% of customers)• Warning against DIY implementation due to complex regulations and interchange rates• Providing traditional processing options for dealers not ready to implement surchargingContact Dealer Merchant Services to get a free assessment of your current credit card processing statements and discover your potential savings.Driving Solutions is the go-to podcast for dealership professionals who want to stay sharp, informed, and ahead of the curve. Hosted by Jim Fitzpatrick and powered by CBT News, each episode brings you real strategies, smart tools, and expert insights to help you run a more profitable operation.Subscribe on your favorite podcast platform and visit CBTNews.com for more.