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(PRWEB) April 21, 2005 — Consumers charged over $21 Trillion dollars to credit cards in 2004. Of that, over $10 Billion went to excessive discount fees, authorization charges and other costs charged to retailers by credit card processing companies. Excess costs that were passed directly to consumers.

This is the dark underbelly of credit– the credit card processors and merchant servicers who prey upon merchants and retailers. With their high-pressure sales tactics, confusing contracts, incomprehensible monthly statements, fees and charges, they nickel and dime retailers and merchants. Their excess costs are ultimately passed on to consumers – forcing us to pay more for everything we buy.

Until now, the world of merchant servicers has been shrouded in mystery. Secrets of Credit Card Processing reveals the truth of this hidden world. Written by an industry insider, Secrets of Credit Card Processing exposes the rip-offs of the credit card processors and merchant servicers. It provides clear, factual information about how credit cards, debit cards and checks are processed in the financial system. It explains the five ways customers can pay – and which one is best for each type of retailer. It contains industry benchmark discount fees and rates for each payment type. Secrets of Credit Card Processing has hundreds of tips and insider secrets that help retailers reduce excess costs paid to credit card processors and merchant servicers.

Retailers and merchants can now fight back against credit card processor rip-offs. Secrets of Credit Card Processing is published by RockSkipper Press, and is available at www.ccsecrets.com