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Merchant Services
Payment Processing
What to Expect
We believe in full transparency. No hidden fees. All applicable charges are outlined so you can clearly understand how payment processing works and what to expect.
What are Advertised Rates?
Advertised rates are base or entry-level pricing examples that processors use for marketing purposes. They typically apply only to:
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In-person transactions
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Basic consumer debit or credit cards
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Ideal transaction scenarios
Think of advertised rates like a "starting at" price. They're real, but they don't tell the full story.
What is an Effective Rate?
Your effective rate is what you actually pay after all fees are applied. This number reflects:
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Interchange fees set by card networks
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Assessment fees
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Processor markups
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Transaction fees
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Statement, gateway, and platform fees
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Card type differences (rewards, corporate, etc.)
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The big one in our industry is the Recurring Billing and Subscription Management model.
Rate Comparison
See the Real Difference
Typical Processor
*available for international
WITH BILLING ADD-ON
EFFECTIVE RATE
3.6% + $0.30
2.9% + $0.30
+ 0.7% Billing/Subscription Mgmt.
*ACH is (0.8% + 0.7%) = 1.5%
CHIP
*available for USA based only
CHALK IT PRO PAYMENTS
EFFECTIVE RATE
2.97% + $0.30
*ACH is 1.0%
YOU SAVE
0.63% per transaction
Savings Calculator
How Much Can You Save?
*Savings based on processing fees and the difference between typical processor and Chalk it Pro Payments for USA based businesses only.
Configuration Settings
Your Merchant Account Setup
2 Business Days
5 Business Days
Daily Discounting
GROSS
Do Not Fail
Do Not Fail
Merchant
Standard
Credit Card Funding
ACH Funding
Fee Assessment
Funding Method
Fees taken out daily, after the deposit. Easiest option so you have all funds at once.
AVS (Address Verification)
CVV Verification
PCI Ownership
Account Updater
Expired cards auto-updated by issuing bank twice monthly. ~80% reliability.
Fee Schedule
Fees Billed As Incurred
Chargeback (per occurence)
$15
Chargeback inquiry (per occurence)
$15
ACH return (per occurence)
$15
Funding Method
$50
$50
PCI non-compliance
Other Fees
Account Updater (monthly)
$10
Account Updater (per card update)
$0.50
Definitions
Understanding Your Merchant Terms
If you ever have questions about a specific fee or charge, our team is happy to help explain it.
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