Application review
Get the rates and fees out of the statement and into the review.
Extract processing rates, charges and volumes, calculate costs and flag unusual figures. Keep the original statement available so sales and risk teams can check the analysis.
What it handles
Extract rates, fees, volumes and anomalies from processing statements for commercial and risk review.
Risk & Compliance capability
What Statement auditing covers
Extract rates, fees, volumes and anomalies from processing statements for commercial and risk review.
01
Rate, fee, volume and transaction extraction
02
Cost, margin and savings calculations
03
Anomaly and padding indicators
04
Source document and analysis history
Workflow notes
Statement auditing in practice
A salesperson receives a processing statement and needs a defensible comparison with a proposed rate structure. The calculation depends on more than the headline percentage.
What to prepare
Prepare an anonymised statement, the statement period, processing volume, card mix where available and the full proposed fee structure.
Review the workflow
- Review extracted rates and charges against the original statement.
- Compare the same volume and fee assumptions, including fixed and transaction-based charges.
- Keep the assumptions and review notes with the proposal so another person can explain the comparison.
Comparing a percentage and a fixed fee
Compare the whole proposal before presenting a saving. In this illustrative calculation, a 0.10 percentage-point difference on £100,000 monthly volume is £100 per month. An additional £30 in monthly fixed charges brings that difference down to £70 before other changes. Card mix, transaction charges, timing and other fees may also affect the comparison. Keep the original statement and assumptions available; these figures explain the arithmetic and do not promise savings.
Are projected savings guaranteed?
No. A comparison depends on the supplied statement and assumptions about future activity and charges. Review missing fees, card mix and contractual terms before presenting a proposal, and distinguish an illustration from an agreed outcome.
Related tools for your team
- Merchant onboarding — Coordinate applications, documents, checks, acquirer requirements and progress without losing ownership.
- Proposals & e-sign — Build proposals from analysed pricing, send agreements for signature and track customer acceptance.
- Implementation guide — plan your data move, setup and testing.
- Payments glossary — understand the terms used in merchant services.
Before you set it up
Check the figures used for pricing or risk decisions against the original statement, including any assumptions in the calculation.
Continue through Risk & Compliance
Related capabilities
Review an application with us.
Bring a typical case and your approval requirements. We will show how to collect evidence, handle queries and record who approved, declined or referred the application.