10/06/2026
If you've ever opened your monthly statement and felt like you needed a finance degree to understand it, you're not alone.
Terms like interchange, assessment fees, and markup all show up on the same page, but they mean very different things, and knowing the difference is what helps you understand exactly what you're paying for. Interchange is set by the card networks and is the same no matter who your processor is. The markup is where you can actually see a difference between providers.
If you're an iPays customer and something on your statement doesn't add up, our team is always happy to walk through it with you line by line. No question is too small.