Should I hire a payments consultant, pay for a fractional payments executive, or figure out payments on my own?

Written By George Ferko

For most businesses, payment concerns typically don't require a consultant. The time and money saved by outsourcing payment analysis, negotiations, vendor selection for payment technology, and setup isn't usually worth the consultant's cost. Reform Payments Consultants (RPC) provides extensive free content on various web forums like Quora, Reddit, and Medium, as well as on the Reform Payments Blog. Coupled with existing internet resources, most CFOs and finance executives can find the information they need.

For those seeking minimal advice, the first consultation with RPC is free. During this consultation, it's easy to determine:

  •  Whether the issue can be resolved without a consultant.

  •  If hiring a consultant would streamline the process.

  •  What to do if ongoing consultation is required.

RPC offers three consulting services to accommodate different needs and levels of service:

1. One-time analysis: RPC can conduct various analyses based on reports from current vendors. Fees range from $250 to $350 for a fee analysis and up to $5,000 for a deeper analysis with optimization recommendations regarding payment method presentment, auth rates, downgrades, etc.

2. Sourcing and Negotiations: RPC can represent companies during vendor sourcing and negotiations. If an RFP/procurement process is necessary, RPC can manage the entire process. Fees are typically a percentage of fee savings and conversion improvement, ranging from 20% to 50% over the first two years.

3. Fractional Payments Executive: RPC can serve as a fractional payments executive under a billable hours model. This option suits businesses in industries prone to continuous payment issues, like real money gaming and marijuana, ensuring uninterrupted operations.

The first consultation with RPC is complimentary, and the team strives to resolve simple issues in one call. In today's landscape, optimizing the payment technology stack is crucial for forward-thinking businesses. With Reform Payments Consultants LLC as your partner, your business gains the expertise to navigate modern payment processing complexities, securing a competitive edge in digital commerce.

George Ferko

George Ferko’s recent efforts have been focused on developing strong sales and leadership skills by working in direct sales, recruiting, and sales management. He runs a sales office in  Philadelphia where he recruits , trains, and coaches new salespeople to build large client lists and serve those clients.  

In the previous years leading up to the beginning of his sales career he was an engineer conducting research developing the next gen transparent armor under government grants. As an engineer he developed very strong analytical skills as well as skills in instruction and teaching.

He is a driven individual who is constantly concerned with his own growth and development. He enjoys skiing in the winter time and swimming in the summer.

http://georgeferko.com
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