Glossary
What is Effective rate?
Total card processing fees divided by total card sales for a period.
Effective rate, explained
Your effective rate is the single percentage that sums up every fee on a processing statement: interchange, card brand fees, processor margin, and monthly or per-transaction fees, divided by card sales.
Why it matters for your restaurant
It is the fairest way to compare two processors or two months, because it includes the fees that a headline rate leaves out.
Use your rate in menu pricingSee your restaurant running on Platter
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