Hidden fees
Find the hidden fees on your merchant statement
Check your current processor's statement yourself, or let Tyler do it for free.
Option 1: Check it yourself
How to find your hidden fees in 5 minutes
- Grab your latest merchant statement from your current processor.
- Find your effective rate. Enter your total fees and total card sales in the calculator below, and it works out your rate.
- Look for the fees in the table below. They often have vague names.
- Check for an equipment lease. Leases often outlast the equipment.
- Compare to a statement from a year ago. Rates go up quietly.
Option 2: Let Tyler do it
Free statement review
Send Tyler a recent statement. He'll mark every fee, explain what it is, and show what you'd pay with Wholesale Payments, side by side.
- No cost and no obligation
- Every Wholesale Payments fee is listed on your application before you sign
- If he can't get you a better deal, your business gets $500
Quick math
What are card fees costing you?
Fill in any two boxes and the calculator works out the third. Your effective rate is your total monthly fees divided by your total card sales.
Calculated: monthly card fees
You pay about
$900a month in card fees, or
$10,800a year. That's what a cash discount program can put back in your business.
Get a free statement reviewWhat to look for
Fees other processors often charge
If you see these on your current statement, you may be paying more than you need to.
| Fee name on your current statement | What other processors often charge |
|---|---|
| Monthly PCI fee | $10 – $150 |
| Regulatory fee | $15 – $30 |
| Batch fee | $5 – $10 each |
| Terminal or gateway fee | ~$20/mo |
| Breach insurance (CCAP) | ~$10/mo |
| Online reporting fee | ~$10/mo |
| Equipment lease | $30 – $80/mo for 3–4 years |
| Rate increases | 1–2 times a year |
Typical ranges seen on statements from other providers. Not Wholesale Payments pricing. Read the full guide