How to read your processing statement

Processing statements are long on purpose. The good news is that you only need a few numbers to know whether you’re paying a fair price.

The three numbers to circle

• Total sales processed: every card dollar that went through the account that month.
• Total fees: everything you were charged, including monthly and per-item fees.
• Your effective rate: total fees divided by total sales.

The effective rate is the one that matters most. It turns pages of line items into a single percentage you can compare against any quote.

Fees worth questioning

• Statement or paper fees on an account you only view online.
• PCI non-compliance fees you could avoid by finishing the yearly questionnaire.
• Rate increases that showed up without a clear notice.

Want a second opinion on your statement?

Send us a recent statement and we’ll show you what you pay now and what you could pay. It’s free and there’s no commitment.