My Merchant Account Blog

Statement Fee

Thursday, May 19, 2011

The merchant statement fee is a fixed fee charged by the card processor at the end of each monthly processing cycle.  The fee covers the monthly statement and any customer service/support the merchant may need.  It is a flat monthly fee that is charged to cover the monthly mailing of merchant bankcard statements the merchant might need. 

Usually, the merchant account provider will provide free online access for the merchant to print their statements.  Even though most processors and card associations recommend differently, we recommend you keep a copy for seven to ten years. 

The statement fee can be anywhere from $0.00 to $20.00 monthly.

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