ClearRate Audit

Discover Your True Payment Processing Cost

Get an AI-powered analysis of your payment processing fees in minutes. No obligations, completely free.

Start Free Analysis

Fast Analysis

Get your personalized cost breakdown in under 2 minutes.

Potential Savings

See exactly how much you could save by optimizing your rates.

Secure & Private

Your data is encrypted and never shared with third parties.

About ClearRate Audit

What is ClearRate Audit?

ClearRate Audit is a free AI-powered tool that analyzes your payment processing fees and identifies potential overcharges and savings opportunities in under 2 minutes.

What ClearRate Does

  • Analyzes your current payment processing costs and fee structure
  • Calculates your effective rate and compares it to industry benchmarks
  • Identifies hidden fees and overcharges in your processing setup
  • Estimates potential monthly and annual savings
  • Provides an overpay score to quantify how much you're being overcharged
  • Generates a detailed PDF report with actionable recommendations

Who Should Use ClearRate Audit

  • Small to medium-sized businesses processing $1,000 to $10 million monthly
  • Retail stores accepting card-present transactions
  • E-commerce businesses processing card-not-present payments
  • Restaurants and food service establishments
  • Professional service providers (medical, legal, consulting)
  • Any business currently paying payment processing fees and wanting to reduce costs

How ClearRate Audit Works

  1. Business Information: Provide basic details about your business including industry, location, and monthly processing volume
  2. Transaction Details: Specify your transaction mix (card-present vs online, debit vs credit)
  3. Current Pricing: Enter your current pricing model and processing costs (effective rate or monthly cost range)
  4. Fee Assessment: Identify which fees you're currently paying from a checklist of common charges
  5. AI Analysis: Our algorithm calculates your true effective rate, benchmarks it against industry standards, and identifies overcharges
  6. Results & Report: Receive an instant analysis showing your overpay score, potential savings, and detailed breakdown (optional: provide email for PDF report)

Understanding Your Results

  • Effective Rate: Your true all-in processing cost as a percentage of transaction volume
  • Overpay Score: A metric (Low/Medium/High) indicating how much you're being overcharged compared to industry benchmarks
  • Benchmark Percentile: Where your rate falls compared to other businesses in your industry and volume tier
  • Potential Savings: Estimated monthly and annual savings if you switched to optimized pricing
  • Rate Overpay Percentage: How much higher your effective rate is compared to target optimal rates

Limitations & Disclaimers

ClearRate Audit provides estimates based on the information you provide and industry benchmarks. Actual savings may vary based on:

  • Accuracy of the data you enter about your business and current processing costs
  • Your specific transaction mix and card types (some variables are estimated if exact data is unavailable)
  • Contract terms, early termination fees, or other obligations with your current processor
  • Market conditions and processor-specific pricing negotiations
  • ClearRate does not guarantee specific savings outcomes and is not affiliated with any payment processor
  • Results are for informational and educational purposes only and should not be considered financial advice

Frequently Asked Questions

What is ClearRate Audit?

ClearRate Audit is a free AI-powered tool that analyzes your payment processing fees and identifies potential overcharges and savings opportunities in under 2 minutes.

How much does ClearRate Audit cost?

ClearRate Audit is completely free to use. There are no hidden fees, subscriptions, or obligations. You get a full analysis of your processing costs at no charge.

Do I need to share my payment processor statements?

No, you do not need to upload your processor statements. ClearRate works by asking you specific questions about your business and processing costs to generate an analysis. You can optionally provide your email to receive a detailed PDF report.

What kind of businesses can use ClearRate Audit?

ClearRate Audit works for any business that accepts credit and debit card payments, including retail stores, restaurants, e-commerce businesses, service providers, and professional practices. It is designed for businesses processing between $1,000 and $10 million monthly.

How accurate are the ClearRate Audit results?

ClearRate uses deterministic calculation algorithms based on industry interchange rates and benchmarks. Accuracy depends on the accuracy of the information you provide. Results include estimated ranges and uncertainty indicators where applicable to account for variables in your specific processing setup.

Will ClearRate share my business data?

No, ClearRate never shares your data with third parties. All information you provide is encrypted and stored securely. Your data is used only to generate your analysis report.