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Company | Ideal Cost | ||
|---|---|---|---|---|
| http://www.idealcost.com | ||||
| Founded: | 1/29/2009 | |||
| City: | West Palm Beach, Florida | |||
| Country: | United States | |||
| CEO: | Robert Livingstone | |||
| Founders: | Robert Livingstone | |||
| Category: | Other | Funding: | Self-Funded | |
| Tags: | merchant services, credit card processing, interchange, credit card fees, | Employees: | 2-5 | |
What does Ideal Cost do?
Ideal Cost helps companies reduce their monthly expenses for accepting credit cards. Accepting credit cards is quickly becoming one of the top expenses for businesses across the United States. While everyone else is trying to solicit new service for these merchant accounts by asking companies to switch providers, Ideal Cost renegotiates with the existing provider and demonstrates a proven savings to its clients every month. Ideal Cost sends monthly savings statements to its clients to summarize its successful renegotiation.
How are they different?
Ideal Cost is a consulting service. Unlike merchant account providers clients cannot switch their service to Ideal Cost. Ideal Cost does not require merchants to cancel their existing contracts, pay termination fees, touch their equipment or websites, require any down-time, or change the speed of their deposits. Ideal Cost does not receive payment unless it can prove that its client saved money on its monthly merchant account services.
Why could Ideal Cost be BIG?
The credit card processing industry is severely unregulated and merchants are tired of trying to keep on top of this confusing expense. There are over 300 rates to keep track of and dozens of other confusing monthly fees. Companies are tired of switching merchant account providers. They don’t want to buy expensive equipment or cancel another 3 year contract. Ideal Cost offers a risk-free value proposition to its client because Ideal Cost only receives a percentage of the savings generated for the client. If the client doesn’t save any money then the client owes Ideal Cost nothing. Why not outsource this service to industry experts who work for the merchant instead of the bank?
Ideal Cost has already been featured in large volume publications including a recent issue of Forbes.
How they plan to make money:
Ideal Cost’s risk-free unique value proposition offers an enticing deal to prospective clients who cannot pass up the service opportunity. Ideal Cost absorbs all of the risk and with great risk comes great reward.
Our thoughts:
No thoughts at the moment. Very interesting!
Please visit their website to learn more: http://www.idealcost.com
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