A customer recently asked this question:

My processor had loads of hidden fees that I was not
aware of…view bill online fee, terminal rental, etc. I’ve read the
contract on your site, but what additional fees are there besides the
monthly fees you have stated?

Our answer:

The bids are inclusive of all fees, meaning that there are no extra
hidden fees such as the ones you mentioned encountering with your
current processor. We screen the processors allowed to bid on the site
for transparent and fair pricing practices in order to make sure that
doesn’t happen.

In fact, there are only 3 kinds of fees (included already in the bid)
that we allow our bidders to charge:

1) Interchange- This is the portion that Visa/MC card receives. We can
very accurately estimate how much this will be, however, it varies
monthly based on your transaction mix.

2) Proessor markup- This is a percentage per item charged, and is
plainly disclosed in the contract.

3) Monthly fee- Plainly disclosed in the contract.

Since we have many different processors on the site, once you select
the processor of your choice, they will send you their contract to
read. Start an auction here.