5 Hidden Fees in Payment Processing That Are Costing Your Business Money

The Most Common Hidden Fees to Watch For

1. PCI Compliance Fees Many processors charge monthly PCI compliance fees ranging from $9.95 to $29.95, even when you're already compliant. These fees are often buried in contracts and automatically charged regardless of your compliance status.

‍2. Monthly Minimum Fees Some processors require you to pay a minimum amount each month, even if your processing volume is low. If you don't meet the minimum, you'll be charged the difference.

‍3. Early Termination Fees These can range from $200 to $500 or more. Processors may not clearly explain these fees during the sales process, leaving merchants trapped in unfavorable contracts.

‍4. Statement Fees Monthly statement fees of $10-25 are common, but many merchants assume statements are included in their monthly service fees

.5. Batch Fees Some processors charge $0.10-0.50 every time you close your batch for the day. These small fees add up quickly for businesses that process daily.

How to Protect Your Business

Always request a complete fee schedule before signing any contract. Ask specifically about PCI fees, monthly minimums, and termination costs. A reputable processor will provide transparent pricing upfront.

At Watchdog Merchant Services®, we believe in complete transparency. Our Bill of Rights guarantees that we'll never surprise you with hidden fees. We provide clear, honest pricing so you can make informed decisions about your payment processing needs.Ready to escape hidden fees? Contact Watchdog Merchant Services today for a free consultation and discover how transparent pricing can save your business money.