Understanding Processing Rates

Helcim Rate Glossary

We are committed to the continuing education of each of our customers. Below is a list to common industry terms used to describe various processing rates. We invite you to contact us with any questions or clarifications regarding these industry terms. For complete listings of our rates, please select a specific platform in the left navigation menu.

Discount Rate

The merchant account discount rate is the percentage of the sales volume taken by the processor. These percentages are based on interchange rates set by Visa, MasterCard and other major card brands. For example, a $20.00 transaction with a discount rate of 2.20% would have a processing cost of $0.44.

Transaction Fee

The transaction fee is a small fixed-fee charge for each credit and debit card authorization performed. Helcim transaction fees also include address verification services (AVS) and card verification value (CVV) when applicable.

Setup Fee

Helcim charges a one-time setup fee once your merchant account application has been approved. In the event that we cannot underwrite your business, there is no setup or application fee charged to you.

Monthly Fee

(applies to online merchants only)
The monthly fee is charge which applies to Helcim online and virtual terminal merchants. This is an all-in-one fee which includes the Visa and MasterCard merchant account, access to the online processing platform, mailed monthly statements as well as daily deposits to your bank account.

Statement Fee

(applies to retail merchants only)
The statement fee is a monthly charged which applies only to Helcim retail merchants using a credit & debit card terminal. This fee encompasses a number of services, including mailed monthly statements, online transaction reporting and daily deposits to your bank account.

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