Frequently Asked Questions

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What will my rate be every month?

“What’s my rate?” is the most common question lawyers or CFOs or accounts ask. However, it’s impossible to answer. There are more than 300 credit card rates:  There’s transaction fees, compliance fees, annual fees,  monthly fees, and cross border fees. So while someone can give you a rate, at the end of the day what really matters is your effective rate: What you are paying at the end of the month to take credit card processing as a form of currency. It ranges between 1 ½% and 2 ½% plus a fee of around .20 to .30 as a transaction fee.