Credit Card Processing

 

Tired of confusing credit card processing rates?

This merchant was quoted a rate of 1.80%

Actual effective rate shown below

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Description

 

Sales
Amount

 

Item
Count

 

Discount
Rate

 

Per Item
Rate

 

Total

COMMERCIAL

 

QUALIFIED

 

 $4,641.65

 

25

 

3.3500

 

0.2000

 

 $160.50

QUALIFIED CHECKCARD

 

 $109.25

 

5

 

1.8000

 

0.0500

 

 $2.20

QUALIFIED CHECKCARD

 

 $8,844.95

 

72

 

1.8000

 

0.0500

 

 $162.81

MC QUALIFIED

 

 $11,020.40

 

65

 

1.9000

 

0.1500

 

 $219.14

VISA QUALIFIED

 

 $5,336.00

 

45

 

1.9000

 

0.1500

 

 $108.13

 

PARTIALLY QUALIFIED

 

 

 

 

 

 

 

 

 

 

VISA
MC

 

NON QUALIFIED

 

 $35,308.05

 $635.00

 

130

20

 

2.7500

2.7500

 

 

0.1500

0.1500

 

 

 $990.47

 $20.46

 

MC NON QUALIFIED

 

 $734.15

 

5

 

3.7400

 

0.2000

 

 $28.46

VISA NON QUALIFIED

 

 $26,635.54

 

118

 

3.7400

 

0.2000

 

 $1,019.77

 

 

 $93,264.99

 

 

 

 

 

 

 

 $2,711.95

 

 

 

 

 

 

 

 

 

 

 

SUMMARY OF MISCELLANEOUS FEES

Description

 

 

 

 

 

 

 

 

 

Amount

TOTAL CARD FEES

 

 

 

 

 

 

 

 

 

 $2,711.95

BATCH HEADER

 

 

 

18

 

AT

 

0.50

 

 $9.00

RETURNS

 

 

 

20

 

AT

 

0.25

 

 $5.00

PIN DEBIT ACCESS

 

 

 

 

 

 

 

 

 

 $10.00

AUTHORIZATION FEES

 

 

 

 

 

 

 

 

 

 $18.20

CUSTOMER SUPPORT

 

 

 

 

 

 

 

 

 

 $15.00

E-Merchant View

 

 

 

 

 

 

 

 

 

 $15.00

 

 

 

 

 

 

 

 

 

 

 $2,784.15

 

 

 

 

 

 

 

 

 

 

 

ACTUAL EFFECTIVE RATE

 

2.99%

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Imagine begin quoted 1.8% and realizing you are actually paying 2.99%