Effective Rate

The effective rate shows the amount of volume a business pays in credit card processing fees to process a given amount. It is shown as a percentage, and is calculated by dividing gross processing fees by gross sales. Learn More

Related Terms

  • Issuer

    An issuer is the organization that issues a credit or debit card.

    Learn More

  • Surcharge

    A surcharge is an extra fee that’s added to the regular total amount.

    Learn More