In person
Countertop terminals for chip, tap and swipe.
Get paid. Keep more. No surprises.
Transparent credit card processing, with every fee shown up front and no long-term contract.
Get a free detailed analysis of your processing fees. Free, and it takes minutes. Checking your rates could save your business thousands of dollars a year. Where do I find my statement?
SoaraPay
Card sale$100.00
Card network costsat cost
Processing feequoted by FNP
APPROVED
That's the whole statement. What the card networks charge, plus one processing fee. Nothing else.
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Every way to get paid.
One merchant account for credit and debit card processing at the counter, online, on your phone and by invoice.
Online
Secure checkout for your website.
On the go
Mobile readers for events, deliveries and pop-ups.
Invoices
Send a pay link and get paid by card.
Card processing fees
Do you know what you pay to take cards?
Every time a customer pays by card, part of the sale goes to processing fees. Many business owners have no idea what those fees are, what they add up to each month, or how much of their revenue they give up to them. Here is what you are paying for.
01
Card network costs
Interchange and network fees, set by Visa, Mastercard and the banks. Every processor pays the same rates.
02
The processor's markup
What your processor adds on top: a percentage, a fee on every sale, or both. This is where processors differ, and it is often hidden inside blended or tiered rates.
03
Extra fees
Monthly, statement, PCI, gateway, terminal-lease and minimum fees. Each one looks small, but together they add up.
How much is your business paying?
Here is an example. A business with $50,000 a month in card sales and an effective rate of 3.5% pays $1,750 a month in processing fees, or $21,000 a year. Lowering that rate by half a percentage point keeps $250 a month, or $3,000 a year, in the business.
$21,000a year in fees on $50,000 a month in card sales, at 3.5%
$3,000a year kept by paying half a point less
An example, not a quote. Your effective rate is your total fees divided by your card sales; the Rate Analyzer works it out from your statement. Savings depend on your card mix, volume and current pricing and are not guaranteed.
Our goal is simple: help you understand exactly what you pay, make every fee transparent, and help you keep more of your revenue.
Run a free Rate Analyzer
Get a free detailed analysis of your processing fees. Read: processing fees, explained
Simple, honest pricing.
Every card sale has two costs. With interchange-plus pricing, you see both. How interchange-plus pricing works
Card network costs
Passed straight through at cost. Every processor pays the same rates, with no markup added.
The processing fee
One rate, agreed in writing before you sign and printed on every statement.
No long-term contracts
No hidden fees
No surprise increases
Free Rate Analyzer
Are you paying too much to take cards? Find out in minutes.
Many businesses never check their processing rates, and fees can creep up over time. Get a free detailed analysis of your processing fees. Upload your processing statement and our free Rate Analyzer shows your true cost, your effective rate and any hidden fees. Checking your rates could save your business thousands of dollars a year.
- Your true cost and your effective rate
- Hidden markups and extra fees found on your statement
- An instant quote, if you qualify, showing what you could save
Run a free Rate Analyzer
Free, no obligation. Your statement files are deleted as soon as the analysis is done.
Where to find your processing statement
It's the monthly statement from the company that processes your card payments, not your bank statement. It lists your card sales and every fee you paid that month.
- 1Check your processor's website or app. Sign in and look under Statements, Reports or Documents, then download the latest month as a PDF.
- 2Search your email. Many processors email a statement every month. Search for “merchant statement” or “monthly statement”.
- 3Or just ask. Call your processor's customer service and ask for your last three monthly merchant statements as PDFs.
Not sure who your processor is? It's usually the name on your card terminal or point-of-sale system, or the name next to your card deposits on your bank statement. Take cards through an app like Square, Stripe or PayPal? Download your monthly sales and fees report. Still stuck? Call 1-844-4-SOVARA and we'll help.
Savings depend on your card mix, volume and current pricing and are not guaranteed.
Real people, when you need them.
Call and a person answers. They'll know your account and help you fix the problem.
Shops and restaurants
Fast setup and terminals that just work.
Service businesses
Invoices, pay links and card-on-file payments.
Enterprise and Tribal enterprises
Hospitality, retail and multi-location operations, with RFP-ready documentation.
Starting is simple.
Send us a copy of your latest processing statement and we'll arrange a written quote from First Nationwide Payments, the registered ISO that provides the merchant account.
- 1Share your contact details. Run a free Rate Analyzer, or reach out by email.
- 2Set up a review call with our team. Confirm your processing statements, or bring them to the call.
- 3Get a written quote from First Nationwide Payments, every rate and fee itemized.
- 4Fill out the Sovara Pay Pre-Application and sign up.
That's all. Then start saving on processing fees and keep more of your sales revenue.
Free · Results in minutes
Want a quote? Try our free Rate Analyzer.
Analyze your current processor's rates and find any hidden fees and costs. Run your statements through our free Rate Analyzer. You might be surprised by what you see. You can also see if you qualify for an instant quote showing what you could save.
Checking your rates could save your business thousands of dollars a year. Where do I find my statement?
Run a free Rate AnalyzerEmail info@sovarapay.com or call 1-844-4-SOVARA. Send a copy of your latest processing statement and we’ll review it for free.
No obligation. We'll reply within one business day.
Email us
Statements you upload to the Rate Analyzer are deleted as soon as the analysis is done. We keep only the results, so your rep can follow up, and we never sell them. Security is our top priority.
Know what you're paying.
Plain-English guides to card processing costs.
Guide
Credit card processing fees, explained
What you pay on every sale, who sets each fee, and eight ways to lower your costs.
GuideWhat is interchange-plus pricing?
How it compares with flat-rate and tiered pricing, and when it saves you money.
IndustryPayment processing for Tribal enterprises
Card processing for Tribal enterprises: hotels, restaurants, retail and government services.
Questions?
What is interchange-plus pricing?
You pay the card networks' actual costs (interchange and network fees) plus one fixed processing markup. It's the most transparent way to price card processing. Read the guide.
How can I lower my credit card processing fees?
Start by checking your statement for markups hidden inside blended or tiered rates, and for monthly fees you didn't agree to. Then compare an interchange-plus quote. We'll do that review for free. See eight ways to lower fees.
Where do I find my processing statement?
It's the monthly statement from the company that processes your card payments, not your bank statement. Sign in to your processor's website or app and look under Statements or Reports, search your email for “merchant statement”, or call your processor and ask for your last three monthly statements as PDFs. Then run them through our free Rate Analyzer. More help finding it.
How much will I pay?
What the card networks charge, plus one processing fee. You get both in writing from First Nationwide Payments before you sign.
Do I need new equipment?
Not always. Many terminals can be reprogrammed. If you need new ones, First Nationwide Payments quotes them in writing with your rates.
When do I get my money?
First Nationwide Payments confirms deposit timing in writing with your quote.
What if I want to leave?
You can. Accounts are month-to-month.