What are you really paying to accept cards?
Grab last month’s merchant statement. Two numbers tell you your effective rate — the only processing number that matters.
From your statement
Effective rate = total fees ÷ total card volume. Ranges labelled here are general rules of thumb; what’s competitive depends on your card mix, ticket size and how you accept payments. Savings shown are hypothetical.
Why effective rate beats the advertised rate
Processors quote rates many ways — flat, tiered, interchange-plus — and add monthly, PCI, batch and statement fees on top. Dividing total fees by total volume cuts through all of it. If your number looks high, PayPilot by MCCPS, Fidelity’s card-processing partner, will review your statement for free. Learn more in processing fees explained and how to read your merchant statement.
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