Merchant Services · Free Tool
What’s your effective processing rate?
Your effective rate is the one number that tells you what card processing really costs: total fees divided by total volume. Pull last month’s statement, enter two numbers, and see where you stand.
Both numbers are on your statement. Effective rate = total fees ÷ total volume.
What counts as a good effective rate?
On transparent interchange-plus pricing, many small businesses land in the low 2% range once you include the card networks’ non-negotiable interchange. If your effective rate is well above that, the gap is usually markup and junk fees, not interchange.
Want the deeper walkthrough? Read: How to read your merchant statement in 5 minutes.