What are statement fees?
Statement fees are charges applied for generating and delivering payment statements, either digitally or physically.
Why are statement fees charged?
They cover administrative costs associated with producing reports and, in some cases, printing and mailing physical documents.
Do all merchants pay statement fees?
Not always. Some providers include them in overall pricing, while others charge separately.
How do statement fees impact businesses?
They are usually small but can add up over time, especially for businesses with multiple accounts.
Can statement fees be avoided?
Yes. Many providers offer digital statements at no cost, reducing or eliminating these fees.