Statement analysis for businesses that take cards
Your processing statement, in plain English.
Rosetta reads your merchant statement line by line and shows you where you could be saving money. If a change makes sense, we set you up with payment software fitted to your kind of business.
A sample statement, translated
-
INTERCHANGE VS/MC/DS/AX$612.40
The wholesale cost of each card sale, paid to the bank that issued your customer's card. Every processor pays the same published rates.
Set by the card networks -
ASSESSMENTS & BRAND FEES$56.18
A small percentage that Visa, Mastercard, Discover and Amex charge on your volume. It is the same wherever you process.
Set by the card networks -
DISCOUNT RATE NON-QUAL$318.75
A surcharge your processor adds when a card falls outside its lowest pricing tier. Rewards cards and business cards often land here.
Set by your processor -
AUTH FEE 1,842 @ 0.10$184.20
A flat charge on every transaction, added on top of the percentage.
Set by your processor -
PCI NON-COMPLIANCE FEE$39.95
Billed every month until you complete a yearly security questionnaire. Finishing the questionnaire usually removes it.
Often avoidable -
MONTHLY MIN / STATEMENT FEE$15.00
A recurring account charge that has nothing to do with how much you sold.
Set by your processor -
BATCH FEE 30 @ 0.25$7.50
Charged each time your terminal closes out the day's sales.
Set by your processor
- Card volume
- $41,200.00
- Total fees
- $1,233.98
- Effective rate
- 3.00%
Sample for illustration only. These are not a real merchant's figures and not an estimate of your savings. Effective rate is total fees divided by card volume.
Software for your line of work
A restaurant, a roofing crew and a dental office take payments in different ways. We set up the tools that match how your business gets paid.
At the counter or table
Restaurants, bars, cafes, bakeries, food trucks, retail shops, grocery and convenience stores, liquor stores, salons, barbershops, spas, florists, dry cleaners, pet stores.
Point of sale, handheld terminals, tips and split checks, online ordering, inventory.
On the job or by invoice
General contractors, roofers, plumbers, electricians, HVAC, landscapers, painters, cleaning services, movers, auto repair, towing, wholesalers, manufacturers.
Invoices, pay-by-text, card payments on your phone, bank transfers.
By appointment
Medical and dental offices, chiropractors, optometrists, veterinarians, physical therapy, med spas, law firms, accountants, gyms and studios, tutoring, photographers.
Front desk terminal, payment requests by text, invoices, recurring billing.
Online or on a schedule
Online stores, subscription services, membership clubs, nonprofits, schools and daycares, property managers, event organizers, hotels and lodging.
Online checkout, payment links, recurring payments, invoices.
Not on the list? If your business takes cards, we can review your statement. The features you get depend on your setup.
How it works
Book a call
Pick a time that suits you. Have one recent monthly statement on hand.
We read the statement with you
We go through it line by line and explain each charge in plain terms.
You see where the money goes
You learn which costs are fixed by the card networks, which are set by your processor, and which could come down.
You decide
If a change makes sense, we handle the application and set up your equipment and software. If it doesn't, you keep what you have.
What we check
- Effective rate
- Total fees divided by card volume, so you know what you really pay per dollar.
- Pricing model
- Tiered, flat rate or interchange-plus. Each one hides or shows costs differently.
- Processor markup
- What your processor adds on top of the wholesale card cost.
- Recurring fees
- Monthly, annual, statement, batch and PCI charges.
- Equipment charges
- Terminal leases and rental fees, and what is left on them.
- Contract terms
- How long you are committed and what it costs to leave.
Dual pricing, explained
With dual pricing, every item has two posted prices: one for cash and one for cards. Customers who pay by card cover the cost of card acceptance. Customers who pay cash pay the lower price.
Both prices are shown up front, so nothing is added at the register as a surprise. It suits some businesses better than others, and the rules vary by state and card brand. The statement review tells you whether it would work for yours.
Questions
- What do you need from me?
- One recent monthly processing statement. Include every page, because the fee detail is often near the end.
- Do I have to switch to get a review?
- No. The review shows you what you are paying. What you do with it is up to you.
- Can I keep my current point of sale system?
- Sometimes. It depends on the system, so we check compatibility on the call.