What are card fees costing you this year?
Move two dials to estimate the annual cost of accepting cards at your current effective rate, then request a review to see which options actually apply to your business.
Request a no-obligation savings review
How the estimate is calculated
Annual cost equals monthly card volume multiplied by your effective rate, multiplied by twelve. If you process $42,000 a month at an effective rate of 3.1 percent, card acceptance costs roughly $1,302 per month, or about $15,624 per year, assuming volume and rate stay constant.
Finding your effective rate
Add up every fee on a recent monthly statement, including processing, interchange, assessments, monthly, PCI and equipment fees, then divide by total card volume for the same month. Many merchants discover their effective rate is noticeably higher than the headline rate they were quoted.
What this number is not
The figure shown is a hypothetical illustration of your current cost. It is not a savings guarantee, a quote, or a promise that any program will eliminate that cost. Actual results depend on your card mix, your pricing program, customer payment choices, and the rules that apply to you.
Turning the estimate into a decision
A PrimeSwipe review replaces assumptions with your actual statement data. We compare your current costs against the options you qualify for and show the trade-offs, including customer-facing changes like signage and receipts.
Frequently asked questions
How do I calculate my effective processing rate?
Divide total processing charges for a period by card sales for the same period and multiply by 100. Include monthly account fees when comparing providers, and separate unrelated software or equipment costs consistently.
Why is my advertised rate lower than my effective rate?
An advertised rate may omit interchange differences, per-transaction charges, assessments and monthly fees. Your customer card mix and payment channels also affect total cost. Compare complete statements, not just a headline rate.
Can I lower fees without changing what customers pay?
Possibly. Traditional pricing, improved transaction data and a better fit between your payment setup and business may reduce costs. Ask for both a traditional quote and an eligible fee-offset option.
What costs should I consider before switching?
Review cancellation charges, hardware leases, software subscriptions, gateway fees, chargeback fees and staff training. Potential savings should be evaluated after these costs and any downtime risk.
Are the calculator's annual numbers guaranteed savings?
No. The calculator annualizes your estimated current processing expense. It is a planning illustration, not a prediction that all of that expense will disappear. A written proposal is needed for a realistic net-savings estimate.