Start with volume and count
Total processed (Visa/MC/Amex/Discover) and number of transactions. Everything else is a cost against that volume.
Add every fee
Discount, per-item, batch, statement, PCI, monthly minimum, gateway, wireless, IRS reporting, ‘regulatory.’ If it is a dollar amount, it counts. Divide the sum by volume. That is effective rate.
Watch for the anniversary
PCI non-compliance fees, annual ‘membership,’ and equipment insurance are how a cheap quote becomes an expensive year. We do not use those.
Send us the PDF
If this feels like homework, it is our homework. Attach the statement after the form or email payments@verturagroup.com.