Gross Effective Rate

Gross Effective Rate

A simple way for a merchant to calculate on average what a credit card costs him or her to accept. Simple calculation is done by dividing total fees by total sales volume from the merchant statement, & multiplying by 100 to get a %. For example, total sales $20,000 total fees $800. $800/$20000 = .04 * 100 = 4%. If this is your gross effective rate, please give us a call. We will save you some money.

What Do Our Clients Think?

Money shows up the next day.
High ticket transactions are run with no issues or holding of funds.
If an issue arises, it is handled quickly- excellent customer service.
The money we saved, pays for our delivery truck.

Alan R.Nevada
www.consignfurniturenow.com/

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