Merchant Account Cost Comparison Calculator

By Phillip Parker

Last Updated: April 4, 2023

Are You Overpaying for Credit Card Processing? Find Out.

This calculator can help you understand if you could be overpaying for your merchant account. The calculations are based on the average Interchange fees and average processor markups. When you enter your total fees, please include the total in fees including monthly fees and processing fees. This total should be included in your statement as one line item; however, some statements may require that you sum the total by hand.

Please note that the result is an estimation only and does reflect all business types. This calculator will be most accurate for traditional businesses such as retail, restaurant, and professional services. It will over estimate savings for “high-risk” industries and those that primarily operate in B2B sales.

What the Results Mean

Result: You are Overpaying

This result indicates a high likelihood that you are overpaying for processing services. The higher the number, the more likely that it is an accurate estimation.

What You Can Do

If you have a traditional business with a low risk of chargebacks or fraud, we recommend contacting the Helcim and CDG Commerce to obtain quotes. Both offer extremely low pricing and industry leading technology and support

If you have a “high-risk” business, we recommend contacting PaymentCloud, Host Merchant Services, and eMerchantBroker to obtain quotes. All offer competitive high-risk pricing and take top ratings for service and support.

Result: You are not Overpaying

Congratulations! This means that you are very likely paying less than even the most competitive credit card processors in the industry. Job well done!

Give Us Your Feedback

Did this tool help you? What else would you like to see? Let us know in the comment section below.

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About The Author

Phillip Parker

Phillip Parker is an independent card payment expert specializing U.S. and Canadian point-of-sale, e-commerce, and mobile payment acceptance. He has nearly two decades of experience in credit card processing as a journalist and consultant. Phillip is the creator of this website and has written over 1,500 articles covering numerous payment acceptance topics. He has also published critical reviews about most merchant services providers currently in operation.

Expert Guidance

Phillip has consulted businesses of all sizes from mom-and-pop shops processing $10K per month to enterprise level organizations processing in excess of $300MM annually. His specialties include:

– Merchant Account Statement Auditing

– Rate & Fee Negotiation

– Processor & POS Selection

– Software Integrations

– Risk Assessment

– Fraud Prevention

– General Processing Advice

Schedule a Consultation Here

Phillip’s Top Picks

Phillip has researched and reviewed over 1,000 merchant services providers over the last 15 years. He also owns multiple businesses that accept credit card payments. If you are looking for an ethical credit card processor that doesn’t hide fees or lock you into expensive contracts, see Phillip’s merchant account picks here.

In The Media

In addition his contributions on CPO, Phillip has also been quoted in several major publications such as The Los Angeles Times, INC Magazine, Miami Herald, Computer World, and numerous others. If you would like to interview Phillip for your story or podcast, please reach out here.

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FTC & Advertising Disclosure

We take great pride in providing one of the only objective an unbiased merchant account review websites on the internet. To support this enormous responsibility we earn some of our revenue through affiliate fees and advertising. These revenues in no way influence our ratings or reviews. Learn more about our monetization policies here.

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We are committed to ensuring the accountability of credit card processors by bringing transparency to their business practices. Our primary objective is to safeguard North American businesses from unscrupulous processors that impose substantial rate markups, unjustifiable fees, and exploitative contracts that result in annual losses of billions of dollars for small business owners.

We have been in operation since 2009, diligently conducting comprehensive research, publishing extensive reviews, and monitoring more than 1,000 payment processors. Our expertise in the merchant services industry has garnered recognition from esteemed publications such as the Los Angeles Times, INC Magazine, The Atlantic, and the Miami Herald, among others.

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