You see the fees on the statement, but you've never added them up. Here's how Nolavi works through it, the same way a good mechanic works on a car: find the concern, the cause, the correction, then verify the fix.
Nate didn't know what he paid in card fees.
Nolavi added a year of statements: $21,400 in fees, an effective rate of 3.4%. Rates had crept up twice without notice, and premium card fees were the biggest part.
With the numbers in hand, Nate asked his processor for a better rate and got quotes from two others.
His effective rate dropped to 2.6%, saving about $5,000 a year.
How we work. We make changes like this for shops all the time, using each shop's own data. The numbers shown are examples.
It depends on your processor and card mix. Know your effective rate: total fees divided by card sales.
Often, yes. Bring a year of numbers and ask for a better rate or compare processors.
Open the demo and find this kind of problem in a minute. Or book your 14 day free trial: it starts with a quick call, and we set it all up and fit it to your shop.
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