Integraoligist
New member
Hey all,
Just received a paper titled “Statement Analysis†from a HPS rep that decided to stop in. The monthly volume and # of transactions are similar to what I have, however I’m not sure what the rest of these figures mean.
Volume: $12k mo.
Number of Trans: 500 per mo.
Average Ticket: $24.00
Current Effective Rate: 4.17%
HPS Rate with Trans Fee: 2.45%
HPS Rate Service: .13%
HPS Basis Points: .45%
HPS Effective Rate: 3.02%
I assume the “current effective rate†is what I am supposedly paying?
Just received a paper titled “Statement Analysis†from a HPS rep that decided to stop in. The monthly volume and # of transactions are similar to what I have, however I’m not sure what the rest of these figures mean.
Volume: $12k mo.
Number of Trans: 500 per mo.
Average Ticket: $24.00
Current Effective Rate: 4.17%
HPS Rate with Trans Fee: 2.45%
HPS Rate Service: .13%
HPS Basis Points: .45%
HPS Effective Rate: 3.02%
I assume the “current effective rate†is what I am supposedly paying?
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