VeriFee

A simple Q&A · about 6 minutes

Analysis
worksheet

Five short steps tell our analysts what to look for before they open your statement. Answer what you can. Every question is optional except how to reach you.

Step 1 of 50% complete

Tell us about the business

Industry sets the benchmark we compare you against. The rest tells us who to send the analysis to.

Only contact details are required.

Going beyond surface-level costs

Why we ask
what we ask

A detailed analysis of processing costs is far more than comparing rates. Each step of the worksheet maps to one part of the review.

Key areas in analysis

Rates, fees & terms

  • –Interchange optimization. Categorizing transactions correctly and finding patterns that lower cost, not just reading a rate.
  • –Processor markups vs. true cost. Where the markup sits above interchange and where savings are possible.
  • –Benchmarking. Your rates against market averages for your industry, volume and mix.
Components of contract review

Contract terms & liabilities

  • –Hidden and conditional clauses. Auto-renewals, cancellation fees and adjustments tied to transaction types.
  • –Reference side documents. Separate schedules that house the terms that hurt and are easy to overlook.
  • –Accuracy check. Negotiated terms confirmed in the final contract, from rates to limits.
Operational components

Volume, mix & systems

  • –Transaction volume and card mix. What should be the cheapest pricing model for you.
  • –Hardware and software. Integrations used as leverage for higher fees, negotiated inside, not around.
  • –Seasonality. Which statements to pull and where minimums bite.