Your processing statement, in plain English.

A free 10-page dictionary from a guy who reads statements all day. It starts with the one number that matters, shows you where to find it on your own statement, then explains the terms behind it. The fees are there. We just show you where.

What's inside

• The one number. How to work out your effective rate in five steps, and why the rate you were quoted leaves things out.
• How to read a statement. The four layers of cost on every statement, and the one layer your processor fully controls.
• The dictionary. Auth fees, batch fees, downgrades, FANF, monthly minimums and the rest, plus how chargebacks work and what the PCI fees on your statement are for.
• Worked examples. Interchange-plus, tiered, flat rate, dual pricing and surcharge, side by side, plus one chargeback from the first day to the last.