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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:
 

  • In-person transactions

  • Basic consumer debit or credit cards

  • 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:

​

  • Interchange fees set by card networks

  • Assessment fees

  • Processor markups

  • Transaction fees

  • Statement, gateway, and platform fees

  • Card type differences (rewards, corporate, etc.)

​

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.

Ready to Go Pro?

Better rates, full transparency, and the same team that built your gym software standing behind your payments.

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