Why we ask for a recent merchant statement

Your effective rate is the only number that matters for savings. It blends interchange, assessments, and every line item your processor adds.

A statement from last quarter might miss a new fee, a pricing change, or a shift in how your customers pay. We ask for recent paperwork so we do not quote against the wrong baseline.

If you operate in the US or Canada, send the summary your processor emails each month. We will mark what maps to interchange versus markup and show where the program we place you on would land.

What “recent” means in practice

Use the latest full monthly cycle you have. Mid-month snapshots and settlement emails alone usually omit fees that only appear on the monthly summary. If you changed POS hardware, added ecommerce, or renegotiated in the last 90 days, send the statement that reflects the new setup.

What we need from the file

A PDF or clear photo of the merchant fee summary is enough to start. We do not need patient or customer names. Account numbers can be redacted if your processor layout allows it. Volume by card type, discount rates, and monthly fees are the fields that drive the comparison.

For the fee-stack walkthrough, see what wholesale processing means for your statement. If you have been with a bank terminal for years and the rate feels “fine,” the psychology of staying with bank merchant services explains why that feeling is common and when it stops being cheap.

Get the comparison

Upload or email the statement and we return a written savings analysis, typically within 48 hours. No obligation.

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