Have a Grok Bot negotiate your credit card processing fees
self-reportedAbout $5k a year saved on card processing for an auto repair shop that takes about $2M a year in cards. The markup over interchange went from 0.35% to 0.10%.
Franklynn Automotive is an auto repair shop that runs about $2M a year through card payments. Processing is the bill you set up once and never look at again. Dan Mallatt gave his Grok Bot 24 months of statements. Interchange isn’t negotiable, but the processor’s markup is, so the bot found what the shop was paying on top of interchange and built the case for a lower rate based on the shop’s higher volume. It drafted every email and the counteroffer, and Dan reviewed each one before it went out. The markup dropped from 0.35% to 0.10% over interchange. His last step: get the final pricing in writing.
By Dan Mallatt (@dan_mallatt), Franklynn Automotive (auto repair shop) · Source