It’s important to know what to look for in the card fees on your statement and see if your current processor is padding the fees to charge you more than the rate you think you may be getting. It’s always best to have another set of eyes on a statement to double check, but spending some time to review your monthly statement can be time well spent.

  • Pull a copy of one of your merchant’s statements that is on IC plus pricing. Look for Assessments, NABU, APF (or similarly named fees) and compare the charge with the actual costs for those card fees. (if you’re unsure of what to look for, we’ll be glad to help!) 
  • Then, check the actual interchange rates. Interchange rates are the predetermined card fees set forth by the card companies such as MasterCard and Visa. You don’t need to proof every single one. Just look at the common rates such as regulated signature debit or CPS Retail. Again, anything higher than the actual cost is padded.

If you discover padded card processing fees you did not know of before on your merchant statements, you may want to consider finding a partner who is truly transparent.
Merchant services is a trust-based business and we want to be your provider for the long haul. We understand that a lack of transparency damages trust and that’s why we feel it is critical to properly represent all credit card fees in your statement.