When choosing a credit card processor for your business, it’s easy to focus on the big, bold numbers—like the advertised transaction rate or monthly minimum. But many business owners don’t realize that what seems like a great deal on the surface can quickly become expensive due to hidden fees buried in the fine print.

At Beacon Payments, we believe in transparency. So here’s a breakdown of six common hidden fees you should watch out for when evaluating a credit card processor.

1. PCI Non-Compliance Fees

Every merchant is required to meet PCI DSS compliance standards. If you don’t complete the required questionnaire or fail to maintain compliance, you could be charged a monthly non-compliance fee—often $19.95 or more. These fees add up fast and are totally avoidable with the right support.

2. Statement Fees

Some processors charge a monthly fee just to send you your statement, either in paper or digital form. This fee can range from $5 to $15 per month and is often slipped in without much explanation.

3. Batch Fees

Every time you “close out” your terminal for the day and submit a batch of transactions, some processors charge a batch fee—typically around $0.10–$0.25 per day. Over time, this daily charge can eat into your bottom line.

4. Monthly Minimum Fees

If your business doesn’t process a certain dollar amount in credit card transactions each month, you may be hit with a monthly minimum fee. Even if you’re not actively using the processor, you could still be charged to meet their internal revenue targets.

5. Annual Fees or Regulatory Fees

These fees are often labeled vaguely—like “Regulatory Fee” or “Annual Maintenance Fee”—and may show up once per year without clear justification. They can range from $50 to $200 annually and are often not disclosed until after you’ve signed up.

6. Equipment Lease or Early Termination Fees

Be especially cautious with “free terminal” offers that require a long-term lease. You could end up paying thousands for outdated equipment you don’t own. And if you try to cancel early? You might be hit with hefty termination fees, sometimes locked in for 3–4 years.

How to Protect Yourself

  • Ask for a full fee disclosure in writing before signing anything.
  • Request a sample monthly statement so you can see real-world fees.
  • Avoid long-term leases or contracts unless they’re 100% transparent.
  • Work with a processor who lets you own your equipment and your residuals—like we do at Beacon Payments.

Final Thoughts

Hidden fees can quietly drain your profits if you’re not careful. Always take the time to read the fine print and ask the tough questions. A low advertised rate doesn’t mean much if you’re getting nickel-and-dimed elsewhere.

At Beacon Payments, we’re committed to full transparency, straightforward pricing, and no surprise fees. Want a free statement review? We’ll show you exactly where you can save.