Merchant processing statements can be very difficult to understand. With many providers, this is by design.
They intentionally make the billing difficult in hopes that you'll give into frustration. They know you don't time to search for a new provider.
Most people we've helped didn't have time to spend getting quotes. Once they learned how easy it was to switch to our service and save money, they went with us.
Here's an example of confusing terms
With Merchant Advisors, you'll no longer see the following list of hidden charges in your credit card processing billing statement:
| Application Fee - also know as: |
Discount Rate - also know as: |
| Account Set-up Fee |
Qualified Rate |
| Conversion Fee |
Bundled/Flat Rate vs. Unbundled |
| Installation Fee |
Interchange |
| Programming Fee |
Interchange Adjustment |
| Sign-up Fee |
Pass-thru |
| |
Cost Plus |
| |
Rate Bill-back |
| Statement Fee - also know as: |
Transaction Fee - also know as: |
| Customer Service Fee |
Item Rate |
| Maintenance Fee |
Authorization Fee |
| Monthly Service Fee |
950 Fee |
| Bank Fee |
Capture/Settlement Fee |
| Account Fee |
Batch/Header Fee |
| Other Fee |
Global/POS-Watts Fee |
| |
Local Auth Fee |
Our advisors still review competitor statements with terms that make them ask, - What is this merchant effectively paying?- That's why our terms are fully disclosed and easy to understand.
Even if billing is understood, every April, it's common for Visa and MasterCard to come out with changes in their rate structure known as Interchange. To gain profit, most bankcard providers raise their rates much higher than Visa/MasterCard has announced.