What You’re Missing: The Hidden Fees Lurking in Your Merchant Statement

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Businesses often miss three specific, frequently occurring fees on their merchant statements. While these fees are often unavoidable, understanding them is essential for merchant education and management.

In this video you'll learn:

PCI Compliance Fees:
-PCI compliance is a security standard.
-Most processors charge an annual fee for this, typically ranging from $100 to $300, though some processors may charge it monthly.

Non-Qualified Downgrades:
-These occur when a transaction is shifted into a higher pricing bucket.
-This is often due to the nature of the business or specific transaction details, such as the use of rewards cards, commercial cards, or manually key-entering transactions.

Network Access Fees:
-These are small fees set directly by card brands, such as Visa or Mastercard, rather than the processor.
-While individual charges are small, they accumulate significantly across the board.

If you are a business owner or know a business owner that who needs help with understanding their statements schedule a call with me. The primary goal for business owners should be to achieve a better understanding of their statements to identify any unnecessary fees that could be alleviated in the future.

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