Statement Analysis
Merchant pricing & statement analysis go hand -in- hand. You must have a basic understanding of merchant pricing structures to analyze a merchants credit card processing statement and be able to make any sense of it. Every processor has their own unique statement, while many processors work with the same back-end network, like TSYS, First Data, Global, Heartland or Elavon which gives statements a familiar layout.
When analyzing a merchant statement or completing a cost comparison or savings proposal, you must know where to find the key components of the merchants pricing structure.
Highlights:
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Discount Rate / Qualified Discount Rate
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Mid-Qualified Discount Rate
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Non-Qualified Discount Rate
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American Express Rates and Fees
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Per Transaction Fees
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Per Authorization / Network Access / WATS Fees
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Pass Through Association Fees
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Card Brand Assessments
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Interchange Detail
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Monthly Service / Statement Fees
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PCI and Other Regulatory Compliance Fees
Did you know that Nuvei offers statement analysis?
We also provide a cost comparison model to complete your own statement analysis if you prefer!
Practice makes perfect with statment analysis. Join our weekly live calls on Tuesday afternoons to see a new statement presented every week. Access our on-demand statement library to understand other provider's statement layouts, what to watch out for and where to locate key pricing components.