Even the Best CEOs and CFOs Miss This
The credit card processing industry is designed to overcharge you, and to make sure no one on your team notices. No one taught you to read a processing statement because processors don’t want you to.
The Cost You Stopped Questioning
You audit everything, payroll, inventory, insurance, software licenses. But processing fees? They hit the bank account every month, wrapped in a statement designed to be unreadable. After a few years, they become background noise.
Over 95% of businesses are overbilled. Most don’t know that credit card processing fees are non-regulated. There are no rules. Processors set their own prices, and raise them without notice.
The average business is overbilled by 40% or more. Hidden fees, inflated fees, junk fees, buried in statements that are intentionally complex. It’s not a bug. It’s the business model.
Processors have unchecked access to your bank account, taking what they want in exchange for a statement that no one on your team, including AP, was trained to understand.
“The current interchange system, the one that needs to be reformed, is a price-fixing scheme, period!”
U.S. SENATOR DICK DURBIN , Senate Floor, September 27, 2011
This Isn’t an Oversight. It’s By Design.
This isn’t something you missed because you weren’t paying attention. The entire processing industry is engineered to keep fees invisible, confusing, and unchallenged.
Statements Are Designed to Confuse
Processing statements are deliberately complex. Hundreds of line items, shifting category names, and fees that change month to month with no explanation.
No Transparency Standards
Unlike banking or insurance, there are no regulatory requirements for how processors disclose fees. They can charge whatever they want, however they want.
Rate Creep Happens Silently
Processors raise rates in small increments over time. No alerts, no calls, just quietly larger debits from your account each month.
Direct Bank Access
Unlike almost every other vendor, processors debit your bank account directly. There’s no invoice to approve, no PO to match, just money leaving.
Every Size Business
Our largest accounts process billions, our smallest account is a dry cleaner. The problem exists at every scale.
“We see fees that are hidden and non-negotiable.”
U.S. SENATOR DICK DURBIN , Senate Floor, September 27, 2011
Hidden Fees We Find on Real Statements
These are a few of the more common fee names taken directly from processing statements we’ve audited. Some are legitimate pass-through costs that have been inflated. Others are completely fabricated. Without comparing each line item against official Visa and Mastercard published rate schedules, there is no way to tell the difference.
Some of these fees are real pass-through costs from Visa and Mastercard, but at the correct rate, they should be fractions of a penny. Your processor may be billing them at 5x, 10x, or even 20x the actual cost. Others don’t correspond to anything in the Visa or Mastercard rate schedules at all. They are simply made up.
“We also know the current interchange system is unregulated and uncompetitive.”
, Senator Dick Durbin, on the Senate Floor, September 27, 2011Your Competitors Are Already Doing This
The smartest CEOs and CFOs in your industry have already had their processing audited. They’re paying less than you, not because they negotiated harder, but because they found out what was being hidden from them.
Every month you don’t look is another month of unnecessary margin erosion. The question isn’t whether you’re being overbilled. It’s how much.
“Small businesses and large businesses alike are being overcharged across America by credit card companies and banks, without restraint.”
U.S. SENATOR DICK DURBIN , Senate Floor, September 27, 2011
What a weAudit Forensic Audit Uncovers
Hidden & Inflated Fees
We decode every line of your processing statement and identify every fee you shouldn’t be paying.
Interchange Optimization
Interchange makes up 80%+ of processing costs. We ensure every transaction qualifies at the lowest possible rate.
Rate Creep & Silent Increases
We compare historical statements to find where your processor has been quietly raising your rates.
Zero Disruption
Nothing changes operationally. No new hardware, no new process. We work behind the scenes.
Your Data Stays With Us
Every audit runs through our proprietary in-house platform. Your financial data is never farmed out to third-party firms, it stays secure, with us, period.
You don’t have to switch processors. You don’t have to change anything about how you accept payments. You just need someone to verify that every dollar your processor takes is legitimate.
Proprietary Auditing Platform. Your Data Never Leaves Our Hands.
Unlike firms that outsource analysis to third-party contractors, weAudit built its auditing system in-house. Your processing statements, transaction data, and financial details are analyzed exclusively on our proprietary platform, never shared, never farmed out, never exposed. 100% of your data stays with us.
Our GuaranteesRisk-Free. Results-Driven.
- Love the results or don’t pay anything
- No long-term contracts, month-to-month
- Guaranteed largest savings and lowest fees
- Largest ROI in the industry
No ConflictHow We Work
- Sells Processing
- Takes a percentage of savings
- Push vendors
- Your data never leaves our system
- You stay in control, always
The Bottom LineweAudit Helps You
- Protect and improve margins
- Eliminate a cost you didn’t know you had
- Stay ahead of your competitors
“weAudit is the only company every company needs.”
KEVIN HARRINGTON , Original Shark, Shark Tank
“A company not to be overlooked.”
TREVOR GLEASON , Treasurer, Facebook (now Meta)
See What Your Processor Doesn’t Want You to Find
It takes five minutes and it costs nothing.
GET YOUR FREE AUDIT