How to Analyze a Processing Statement (3 Questions to Ask)

1. Why am I analyzing this statement?  Desiring to match the rate?  Trying to maximize savings?  Seeking Interchange Optimization?
2. How are they processing payments?  You’ll be lost if you don’t realize you are looking at a high risk or an eCommerce statement, regardless of how well you categorize the fees.  
3. Ask who is charging the fee?  This is the key to understanding each fee on a statement.  Is it charged by the issuing bank? (Interchange)  One of the Card Brands? (Visa, Mastercard, Discover)  The payment processor?  Or, it could be charged by a technology provider.  Understanding who is charging the fee is a key to understanding that fee and how it will impact your proposal.

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