Merchant services: what is a statement fee?

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What is a statement fee?
- by iMerchantNetwork.com

This merchant fee may be called a Statement Fee, Maintenance Fee or Account Fee.

In any case, this fee is for preparing and providing you (the merchant) a comprehensive monthly merchant statement detailing all transactions processed.

Typical statement fees can range from $5 - $10 per month. If a merchant conducts a large number of transactions, this fee is usually dropped.

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