Effective rate calculator
Your effective rate equals your total processing fees divided by your total card volume. Enter both numbers from your latest statement to see the true percentage you pay, then compare it with typical ranges for your business.
Formula: total fees ÷ total volume × 100
Your effective rate
2.85%
That's within a typical range for many small businesses. There may still be room to save.
General guidance only. Typical ranges vary by industry, card mix and ticket size.
Why does the effective rate matter more than the quoted rate?
Quoted rates leave out per-transaction fees, monthly fees and tier surcharges. Your effective rate captures everything you actually paid, so it's the fairest way to compare your current provider with a new offer. Read what is a good effective rate and how to read your merchant statement.
What should I do if my rate is high?
Start with how to lower your processing fees, estimate the upside with the savings calculator, then request a free quote.
Frequently asked questions
What is an effective rate?
Your effective rate is the total you paid in processing fees divided by your total card volume, shown as a percentage. It's the most accurate way to compare processing costs.
What fees should I include?
Include everything on your processing statement: percentage fees, per-transaction fees, monthly fees, PCI fees, statement fees and any annual fees charged that month.
What is a good effective rate?
For many small businesses, roughly 2% to 3%. In-person retail often lands lower, ecommerce and small-ticket businesses higher.
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