When you submit a detailed processing statement we will go through it line by line to ensure that you were not charged hidden fees in the interchange. This is a challenging task that takes time to complete, but we think it’s worth it. Once we’re done we’ll write you up a summary of your fees, how your rates compare to others, and suggested actions.
How many statements can I submit?
If you’re part of our Monitored by Merchynt program then you can submit up to 4 statements per year. All statements beyond that are charged at our standard non-member rate.
How does Merchynt get paid?
Merchynt collects dues from processors as part of their participation in the Monitored by Merchynt program, fees from merchants for Statement Assessments, and referral fees from Merchant Migration. These three services compliment each other to support our merchant-first mission.