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Do This Quick Math To Determine What You're Really Paying For Each Transaction:

  1. Add up your Visa® and MasterCard® fees.*
  2. Divide that number by your total Visa and MasterCard sales volume.*
  3. Multiply that number by 100.
Determine What You're Really Paying

The resultant percentage is your true — or “effective” — rate. It includes the fees you pay card companies such as Visa and MasterCard — known as “interchange” — as well as the fees you pay your processor. Odds are your effective rate is higher — perhaps a lot higher — than you think.

Why? Because many card processors hide fees behind cryptic codes, indecipherable jargon and fine print in offers and contracts. Then, their monthly statements are so hard to read, you have no idea what you're really paying.

Don't get fried on the fees you pay. Start controlling them by understanding your statement and what you're really being charged.

*We did not include American Express®, Discover® or PIN-based debit card transactions in these calculations as they may be billed separately.