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MarketScreener Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

AMERICAN EXPRESS COMPANY (AXP)
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American Express : Michael Luchen Improves And Extends Platform To Help Business Owners Reduce Credit Card Processing Fees.

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02/12/2018 | 07:51pm CET
Open Your Merchant Account with Michael Luchen

Open Your Merchant Account with Michael Luchen

In a world dominated by fees, there are solutions that can reduce costs for business owners. Michael Luchen has a plan which reduces credit card processing fees

We also have full control of the American Express rate, and with a buy-rate of Interchange + 0 and $0 per transaction it is very easy for me to save your business 30-40%"
-- Michael Luchen
BROOKLYN, NY, UNITED STATES, February 12, 2018 /EINPresswire.com/ -- Typical brokers and banks charge plenty of fees, which come in the form of statement fees, batch fees, monthly customer service fees, regulatory product fees and so on. But since all businesses are already taxed by the government and the financial contract with the institution is clear, these taxes can be greatly diminished while some of them even eliminated.

OKMerchant platform which is ran by Michael Luchen promises complete transparency, lack of junk fees and no bills related to something which was not discussed earlier. “OKMerchant of Card Connect is a First Data Corporation and a Registered ISO of Wells Fargo Bank, N.A. What makes us different is the fact that we are the only office with an A+ BBB rating and 0 complaints in over 10 years of activity.”, according to Michael Luchen.

OKMerchant has developed multiple partnerships with giants in the banking industry which allows them to greatly minimize fees while providing complete security for its clients. “We also have full control of the American Express rate. Other companies sign you up for MasterCard, Visa , Discover and American Express but your American express is a separate Merchant ID separate deposit and has a different rate. If you have an issue, you have to call American Express direct. With us it's one MID, ONE Deposit and we handle all the cards for you. Since we control American Express we also give you the same rate on that card, which is rare”, Michael Luchen says.

Another thing provided by the improved OKMerchant platform is a buy and Interchange rate of 0 plus $0 per transaction, which is highly encouraging for small and medium businesses which require higher profit every month.

“Here we have a buy rate and Interchange +0 rate and $0 per transaction, so it is very easy for me to eliminate 30-40% off a business owner’s bill and still make profit. I deal with several large, medium and small brands in the USA, even from regions such as Alaska and Hawaii. I do enjoy signing up new businesses in the 5 boroughs of NYC, especially Brooklyn, since I work and live here as well. My clients both love and continue with this financial solution, or at the very least they know if their current provider is telling them the truth. It’s a win-win situation I would say. We do not charge for equipment and never add junk fees like batch fees, statement fees or regulatory fees, as many other financial institutions do when it comes to credit card processing”, Michael Luchen adds.

A new element on the improved OKMerchant platform is the minimization of Brooklyn NY credit card processing fees and the provision of free credit card terminals for all the new accounts.

OKMerchant is a credit card processing platform with over 10 years of registered activity. Its aim is to serve all business clients regardless of the niche or size of business. OKMerchant helps with reduction and elimination of different transaction and maintenance charges associated with various credit and debit cards, including American Express. More information can be found on http://www.michaelluchen.biz/. Prospective clients can also request details at 929.441.8903.

Contact Information:
Director of Sales & Operations: Michael Luchen
Website: www.MichaelLuchen.net / www.MichaelLuchen.biz
Phone number: 929.441.8903
Email: Mike@OKMerchant.com
Address: 7406 13th Ave, Brooklyn, NY 11228

Michael Luchen
Card Connect - First Data Corporation
9294418903
email us here

Staycation in NYC By Michael Luchen

Copyright 1995-2018 IPD Group, Inc. All Right Reserved. , source Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN EXPRESS COMPANY -0.94% 105.7 Delayed Quote.6.43%
FIRST DATA CORP -2.43% 16.84 Delayed Quote.0.78%
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Financials ($)
Sales 2018 40 428 M
EBIT 2018 11 679 M
Net income 2018 6 356 M
Debt 2018 -
Yield 2018 1,40%
P/E ratio 2018 14,33
P/E ratio 2019 13,00
Capi. / Sales 2018 2,23x
Capi. / Sales 2019 2,08x
Capitalization 90 295 M
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 115 $
Spread / Average Target 8,8%
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Managers
NameTitle
Stephen J. Squeri Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive Vice President
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Peter F. Chernin Independent Director
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