Rate check
Your statement will not tell you your real rate. Two numbers will.
Enter your card volume and your total fees for last month. You will see your effective rate beside Payzium's published rate for the same profile. No email, no business name. If you want the line by line, send us the statement and a person audits it in 3 business days.
Step 2 of 3
Then, the line by line.
Once you have your effective rate, send us the statement and a person turns it into a list: which charges are interchange that nobody can remove, and which belong to your processor. You get it back within 3 business days on a short call.
This is what comes back.
A real report, built from a made-up statement so you can see the shape of it before you send anything. Your effective rate sits on top. Underneath it, every charge sorted into the two that matter: the ones set by the card networks, which no processor can remove, and the ones your processor set itself.
Sample figures. Not a real merchant, and not a quote.
- Card volume that month
- $62,410.55
- Total charged
- $1,705.86
- Effective rate
- 2.73%
Where it went
Set by the card networks
Interchange and network assessments. Passed through at cost by any honest processor, and removable by none of them.
- Interchange$842.54
- Card network assessments$81.13
- Set by the card networks$923.67
Set by the processor
Everything above the pass-through. This is the part that is negotiable, and the part a switch actually changes.
- Discount rate markup$468.08
- Per-transaction fees$187.23
- Non-qualified surcharge$50.00
- Monthly account fee$29.00
- PCI compliance fee$24.95
- Batch settlement fees$12.98
- Statement fee$9.95
- Set by the processor$782.19
Your report names the same split against your own statement, line by line, with the wording your processor used.
You are about to send a stranger your numbers. Here is exactly what happens to them.
- What gets read
- All of it. This is a hand audit, so the person doing it works from the whole statement: every line item, what each one was charged at, and what the same month would have cost at our published rates.
- Who reads it
- A person on our audit team. Not a reader, not a model, not a queue that nobody works. That is the whole reason this takes 3 business days instead of 30 seconds, and it is the reason the result is worth having.
- How long the file is kept
- Until you ask us to delete it. A person has to be able to open it to do the audit, and to open it again if you ask us something about the result later, so we keep it and we say so rather than promising a deletion date we do not run. Email support@payzium.com and we will delete it.
- What else is kept
- Your name, your business name, your email and your phone. The date we received the statement and the date your result is due. Which consent wording you agreed to and when. Where on Payzium you arrived from.
- What does not happen
- You are not put in a mailing sequence. The call you get is the result of your audit, and if there is nothing to improve we say so on it. If you tick the optional box lower down, that is recorded so we can write to you later, and it sends nothing today. We do not pass any of this on.
Three steps, then a call.
01
You tell us who you are
Your name, your business, an email and a phone number. The result comes back on a call, so we need somewhere to send it and someone to ask for.
02
You send one statement
A PDF, or a JPEG or PNG scan, up to 10 MB. One month, every page. A statement with pages missing cannot be audited and we will write back for the rest.
03
A person rebuilds it, line by line
Within 3 business days you get a short call walking through what each line was charged at and what the same month would have cost at our published rates. If we cannot come back with a lower-cost result in that time, the guarantee pays out.