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!
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