Am I overpaying for credit card processing?

Upload your merchant statement to MerchantExam for free analysis. We'll compare your rates against industry benchmarks and identify if you're overpaying. Many merchants save 20-40% by switching processors after our analysis.

How does merchant statement analysis work?

Upload your monthly merchant processing statement as a PDF. We analyze your effective rate, identify hidden fees, and compare your costs to Square, Stripe, PayPal, Clover and other major processors. Results in 60 seconds.

What is a good credit card processing rate?

Good processing rates typically range from 2.6% to 3.5% for most businesses. Rates depend on your industry, transaction volume, and average ticket size. If you're paying above 3.5%, you're likely overpaying and should compare alternatives.

Is MerchantExam really free and independent?

Yes! Our merchant statement analysis is completely free and independent. Unlike processor-owned comparison tools, we provide unbiased analysis. Your statement is deleted after 24 hours for privacy.

Which payment processors does MerchantExam compare?

We compare rates against Square, Stripe, PayPal, Clover, First Data, Helcim, and dozens of other major processors. Our analysis shows which processors offer better rates for your specific business type and volume.

What hidden fees should I look for in my merchant statement?

Common hidden fees include PCI non-compliance charges, statement fees, batch fees, gateway fees, monthly minimums, interchange downgrades, and markup on assessments. These can add hundreds per month to your costs.

MerchantExam

WooCommerce merchants

Are you overpaying for WooCommerce payment processing?

WooCommerce gives you the freedom to choose any processor — but that means the wrong choice costs you money every single transaction. Upload your statement and find out.

2.9% – 3.5%

Avg. e-commerce effective rate

15 – 30%

Typical savings found

< 60 seconds

Analysis time

Are you overpaying for credit card processing?

Upload your merchant processing statement. Free analysis in 60 seconds.

Encrypted and auto-deleted after 24 hours

Why WooCommerce sellers overpay for processing

WooCommerce Payments (powered by Stripe) charges 2.9% + $0.30 — but that's not always the best deal for your volume.

With dozens of payment plugins available, it's hard to know if you picked the cheapest option for your business.

Card-not-present interchange rates mean e-commerce sellers pay more per transaction than brick-and-mortar stores.

E-commerce means higher rates. Here’s why.

Every online transaction is classified as card-not-present. Card networks like Visa and Mastercard charge higher interchange rates for these transactions because they carry more fraud risk than an in-person swipe or tap.

That means as a WooCommerce seller, your baseline cost is already higher than a brick-and-mortar store. Any extra markup from your processor hits even harder. Knowing your effective rate — the total percentage you actually pay — is the first step to paying less.

Analyze your statement free

WooCommerce processing fees: FAQ

What are WooCommerce Payments processing fees?

WooCommerce Payments (powered by Stripe) charges 2.9% + $0.30 for US card transactions and 3.9% + $0.30 for international cards. There are no monthly fees, but the per-transaction rate may not be competitive for higher-volume stores.

Is WooCommerce Payments the cheapest option?

Not necessarily. WooCommerce supports many payment gateways — Stripe, PayPal, Square, Authorize.net, and more. Depending on your volume and average order value, a different processor could save you significantly. A statement analysis shows exactly where you stand.

Why are my WooCommerce processing fees higher than expected?

All e-commerce transactions are card-not-present, which means higher interchange rates from the card networks. Your payment plugin may also add markup on interchange, charge gateway fees, or include currency conversion costs that aren't obvious.

How do I compare WooCommerce payment gateway costs?

Upload your current merchant statement for a free analysis. We'll calculate your real effective rate and compare it against alternatives, showing exactly how much you could save by switching gateways.

Ready to find out what you’re really paying?

Upload your WooCommerce merchant statement. Free analysis, results in under 60 seconds.

Are you overpaying for credit card processing?

Upload your merchant processing statement. Free analysis in 60 seconds.

Encrypted and auto-deleted after 24 hours