$ FairRate Audit

The process

From statements to savings, in five steps.

No jargon, no pressure. You see the numbers before you commit to anything — and every change needs your signature.

Hands reviewing a printed merchant statement with a magnifying glass and calculator on a desk
1

Share your statements

You send 3–6 months of processor statements. They're treated as strictly confidential (see our privacy policy). This is the only homework you have.

2

We compute your baseline

We calculate your baseline effective rate: total fees ÷ total volume. This single number is what all future savings are measured against.

3

We find the savings

We hunt for mispriced tiers, junk fees, and interchange reductions that were never passed through to you. You get a written savings report — free, yours to keep.

4

Renegotiate or switch

We either negotiate better pricing with your current processor, or Mike project-manages a full migration. You approve the plan and sign the agreement first.

5

Monthly 50/50 split

Each month, your savings are measured against your baseline. You keep half, we keep half, for the fixed term in your agreement (usually 24 months). Then you keep 100%.

The savings formula (spelled out in your agreement) Monthly savings = (baseline effective rate × this month's volume) − this month's actual fees
Our fee = 50% × monthly savings

Because the fee floats on your actual monthly savings, there's no fixed bill to worry about. If a slow month produces no savings, there's no fee that month.

Beyond the rate: PCI scope. Many audits also find that card data is flowing through the POS unnecessarily — putting the whole system in PCI scope. A standalone or properly semi-integrated terminal with its own encrypted path to the processor can take the POS back out of scope. How PCI scope works, in plain language →

What we need from you

To start the audit

  • 3–6 months of recent processor statements (PDF is fine)
  • Your current processor's name and plan, if you know it
  • A rough idea of your monthly card volume

What it costs

  • $0 for the audit itself
  • $0 if no savings are found
  • 50% of documented savings, monthly, only while savings exist
  • Fixed term agreed in writing up front — then you keep everything

Ready when you are.

Email us and we'll tell you exactly what to send. The audit itself takes about a week.

Contact us