Rate Tracker is a software application that helps small businesses monitor and manage their credit card processing fees. It provides secure tracking of transaction costs, enabling businesses to identify discrepancies and optimize their payment processing expenses.
Funding
Funding not disclosed
Founders
Product
Problem
Many small businesses struggle to understand and control their credit card processing fees due to complex statements and hidden charges. This lack of transparency makes it difficult to identify discrepancies and optimize payment processing expenses, impacting their bottom line.
Solution
Rate Tracker provides financial health software that gives businesses clear, real-time insights into their payment processing costs. The platform automatically monitors credit card processing fees, alerting users to any increases or hidden charges. By providing transparent and actionable data, Rate Tracker empowers businesses to take control of their payment processing, make informed decisions, and improve their overall financial health. In addition to the software, Rate Tracker offers payment processing solutions, POS systems, and business lending, providing a comprehensive toolkit and expert support to help businesses grow.
Target Audience
Rate Tracker primarily serves small to medium-sized businesses across various industries, including retail, e-commerce, B2B, and health and wellness, that seek greater transparency and control over their payment processing fees and access to business lending solutions.
Features
- Automatic tracking of credit card processing fees
- Instant alerts for rate increases and hidden markups
- Clear and simple reporting of effective rates, total sales volume, and processing costs
- Integration with over 150 software platforms and POS systems
- Dual pricing, cash discount, and surcharge programs to reduce credit card fees
- Access to business lending solutions with competitive rates and flexible terms
- POS systems with intuitive interfaces, robust reporting, and seamless payment integration
- U.S.-based dedicated support representatives