The Net Effective Rate or N.E.R., is a simple way for a merchant to calculate on average what a credit or debit card costs him or her to accept. Numbers are generated in the calculation from the same merchant statement.
Simple calculation is done by dividing total credit card processing fees by total sales volume from the merchant statement, & multiplying by 100 to get a %.
For example, total sales $20,000 total fees $800. $800/$20000 = .04 * 100 = 4%. If this is your net effective rate, please give us a call. We will save you some money. And you will enjoy those savings, as we lock our portion of the merchant fees.