IdealCost.com

IdealCost.com helps businesses cut the fees they pay to accept credit and debit cards. It works with the client's existing processor rather than asking the client to switch, and it has been doing so since 2009.

It serves small businesses across the United States, and a client quoted on its site is a family-owned medical supplier whose customers are mainly hospitals and health systems.

Products and services

• Fee reduction: removing or reducing charges that a processor applies.
• Billing error checks: finding and correcting mistakes on merchant statements.
• Ongoing oversight: monitoring the processor month after month and avoiding future fee increases.
• Savings reports: a monthly executive report showing the reduction.
• Contract negotiation: negotiating new merchant service agreements with providers the client chooses.

Clients

Small businesses nationwide that accept card payments.

Key facts

• Founded: 2009
• Process: send in a recent merchant statement for review; findings come back within a day
• Payment model: it says it is paid only once it has proved a reduction