Know your rate
Your card processor knows what you pay to take a card.
In about a minute, so will you.
Read-only, through Plaid. Deleted within 24 hours. Nobody calls.
A made-up auto shop. Yours shows your own month. If your rate is already good, it says so.
Two lines tell the whole story.
Your bank statement already has them. Keep scrolling.
| 10/01 | MERCHANT BNKCD DEPOSIT | 1,912.40 |
| 10/01 | VERIZON WIRELESS | −284.10 |
| 10/02 | MERCHANT BNKCD DEPOSIT | 2,204.85 |
| 10/02 | NAPA AUTO PARTS | −1,630.00 |
| 10/03 | MERCHANT BNKCD FEE | −1,184.22 |
| 10/03 | ADP PAYROLL | −6,412.77 |
| 26 more card deposits | 37,532.75 |
Everything in the account, as the bank lists it.
Only two kinds of line matter: what your processor deposited, and what it took back.
1,184.22 ÷ 41,650.00
2.84%Your effective rate. Most statements never print it.
If your rate is already good,
the result says so.
The check runs on its own. It prices the same month on Alyra and shows both numbers side by side. Then the connection is removed. How the arithmetic works
Your processor bills its fee as its own debit. The rate is read straight from it.
Fees come out before deposits land, as with Square or Stripe. You get a range, labeled as one.
Two numbers. One rate.
Have last month's statement? Type in what you sold and what you were charged. Nothing leaves this page.
Nothing hiding on the bill.
Your rate comes from your own sales and average ticket, so the check works it out from your month and prints it on your result. The agreement repeats the same figures.
Comes with every account
- Dashboard for every location
- One-page monthly statement
- Invoices with a pay link
- Terminal programmed for your business
- Business-card detail sent to the networks
- Email support from a person
Not on the bill
- Application or setup fee
- Contract term or early exit fee
- Monthly minimum
- PCI non-compliance fee
- Equipment lease
- Annual fee
Every location.
One screen.
Two shops or fifteen: one application, one login. Each site gets its own terminals and, if the books are kept apart, its own bank account.
| Location | Sales | Rate | Terminals |
|---|---|---|---|
| Main shop | $24,180 | 2.12% | 2 online |
| Second location | $15,420 | 2.09% | 1 online |
| Third location | $8,610 | 2.14% | setting up |
After the rate.
Everything an account comes with. Nothing to lease and nothing to lock in.
Terminals
PAX A920 for the floor, A80 for the counter. Tap, chip, swipe, Apple Pay, Google Pay. Bought once.
The terminalsInvoices and pay links
Email an invoice and your customer pays from their phone. For the jobs that never cross a counter.
IncludedOne-page statement
What you sold, what you paid, and the same month on your old plan. No codes.
A sampleDashboard
Sales, deposits and terminals by day and by location, with statements in the same place.
A samplePay by bank
Customers pay a large invoice from their bank account for a small, capped charge.
Coming soonAlyra Tap
Take a tap on your iPhone, no terminal. For the truck, the lot, or a busy Saturday.
Coming soonThe first week or so
- Day one
Fill in the application, about ten minutes. It starts with the numbers from your check.
- One or two business days
A person reads it and emails you the agreement with your rate written in.
- About a week
Your terminal arrives programmed, or you start sending pay links. Run a test sale; we're on email.
- First of the next month
Your first statement, with your old plan alongside for comparison.
Under contract now?
Keep your old processor running until the first Alyra deposit lands, then close it in writing. We send you a cancellation letter to adapt.
If your contract has an early exit fee, type it into your result and it shows how many months of the difference it takes to cover it. Sometimes waiting for the term to end is the better call, and the page says so plainly.
Look for "early termination", "liquidated damages" and "automatic renewal" in your agreement, and for a separate equipment lease, which is often its own contract with its own company.
Read your statement.
Pull out last month's and look for these. Most are legal. Most are avoidable.
Effective rate
Everything you paid for cards in a month, divided by what you sold. The one number worth knowing, and most statements never print it.
Interchange
What the card-issuing bank charges for each card. Every processor pays it. It's the floor under any rate, not a fee your processor made up.
Discount rate
Not a discount. It's the percentage your processor keeps from each sale. The name is very old and nobody has fixed it.
Non-qualified surcharge
An extra percentage added when a card "doesn't qualify" for the advertised rate. Rewards cards rarely qualify, which is how a 1.9% quote turns into 3%.
PCI non-compliance fee
A monthly penalty for not completing a short security questionnaire. Sometimes charged whether you completed it or not.
Monthly minimum
If your fees don't reach a set amount, you pay the difference anyway. A slow month costs you twice.
Batch fee
A charge for closing out the day's sales, every day. It's small, which is why it survives.
Equipment lease
Paying monthly, for years, for a terminal that costs a few hundred dollars. Usually with a separate leasing company and its own contract.
Early termination fee
What it costs to leave before the term ends. Often paired with an automatic renewal that starts a new term if you miss a window.
Annual or compliance fee
A once-a-year charge with an official-sounding name. Check which month it lands in; it can double that month's fees.
Questions owners ask first.
Will someone call me after I run the check?
No. The check runs on its own and shows a number. There's no sales team. If you want to switch, you start it; if you don't, the data is deleted.
What exactly do you see in my bank account?
Ninety days of transactions in the one business account you pick, through Plaid, read-only. The check uses only card deposits and processor fees. We can't move money, and your bank login never reaches us.
What if my current rate is already good?
The result says so and thanks you for your time. You keep the number, and you can run the check again whenever something changes.
How accurate is the number?
When your processor bills its fee as a separate debit, the rate is exact. Square, Stripe, Toast and a few others take fees out before the deposit lands, so the result is an estimate with a range, labeled that way.
Can I use a statement instead of connecting my bank?
Yes. Drop last month's processing statement on the rate check page and it's read in your browser, or email it to support@alyra.us and a person works it out.
I'm under contract with an early exit fee. Now what?
Tell us when it ends and we'll help with the timing. Type the fee into your result and it shows about how many months the switch would take to cover it. If waiting looks cheaper, you can still apply now and pick a later start date.
I already add a card fee for customers. Is the check still useful?
Yes. Link your bank or upload a statement and see what your customers really pay in card fees, next to what those cards cost you.
Who actually moves the money?
A registered payment facilitator and its sponsor bank, under the merchant agreement you sign. Alyra sets the price, runs the numbers and answers your email.
When does money reach my bank?
Usually the next business day. Weekend sales arrive Monday or Tuesday. Each deposit is listed on the dashboard with the sales it covers.
Do I have to buy a terminal?
Only if you take cards in person. You buy it once and it's yours. If customers pay by invoice, you don't need one.
I have several locations. Is that one account or several?
One application and one login. Each location gets its own terminals and can deposit to its own bank account, and the dashboard shows them together or one at a time.
What happens when a customer disputes a charge?
You get an email saying what the cardholder claims, what to send and the deadline, and you answer from the dashboard. A receipt and a signed work order usually settle it.
Can I leave?
Yes, any month. Nothing to pay and nothing to send back.
From owners
In their words
A small company with one idea.
Most owners can't say what they pay to take a card, because processing bills aren't written to be read. Alyra starts by showing you that number from your own bank account. If we can do better, the result shows by how much. If we can't, it says so.
A share of each card sale, written in your agreement. Nothing from leases, nothing charged to your customers.
None. Nobody calls.
Card-present businesses: the repair shop, the contractor with a truck, the practice with a front desk, the owner with three locations.
support@alyra.us, read by a person.
Know another owner who should check?
Send them the link. It takes them about a minute, and nobody calls them either.