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Your effective rate is total processing fees divided by total card sales, times 100, and this calculator works it out from your own statement.
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Divide one month of total processing fees by that month's card sales and multiply by 100. The Card Fee Field Guide calculator by Avendo does that for you, then estimates what a competing quote would cost on the same sales, so you can compare like with like.
For a steadier picture, Clearly Payments suggests working from your last 90 days of statements. You can run this calculator once per month and compare. For context on what the numbers mean, see what counts as a good rate.
Back to the credit card processing cost guideShort answers here. Every question is also on the full FAQ page.
Divide total processing fees by total card sales for the same period, then multiply by 100. Clearly Payments recommends computing these figures for the last 90 days before changing anything. The free calculator on this site does the math using numbers from your own statement.
See this answer in the FAQ: How do I calculate the effective rate for credit card processing?Your effective rate is the total you paid in processing fees divided by your total card sales, shown as a percentage. It folds every fee into one number so you can compare months or providers fairly. For example, $300 in fees on $10,000 of card sales is a 3% effective rate.
See this answer in the FAQ: What is an effective rate in credit card processing?Multiply your monthly card sales by your effective rate. For example, a store selling $8,000 a month at a 3% effective rate pays about $240 in fees, while at 2.5% it pays about $200. Use the calculator on this site with your own statement figures for a closer estimate.
See this answer in the FAQ: How much does a small online store pay in card fees each month?A good credit card processing rate is one that puts your effective rate at the low end of the typical 1.5% to 3.5% range for your kind of sales. Compare quotes on your real sales mix, not headline rates. For interchange-plus pricing, NerdWallet cites 0.4% plus 8 cents as an example markup.
See this answer in the FAQ: What is a good CC processing rate?Look for total card volume, total fees, and fees broken into interchange, assessments and processor markup. Clearly Payments suggests computing these for the last 90 days. Monthly, gateway and chargeback fees should also appear as separate lines you can add up and question.
See this answer in the FAQ: What should I look for on a processing statement?Avendo connects your existing checkout to multiple payment processors and routes each sale to the best available rate. Tell the Avendo team about your store and ask how it would work for you.
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