discount rate is 1.75 % and you process a $ 100 transaction , you would pay $ 1.75 .
Interchange Fees An interchange fee is paid to card-issuing banks and the card brand networks for processing card transactions . These fees are set by the card networks and are typically a percentage of the transaction amount plus a small fee .
Monthly Minimum Fee Some providers require businesses to meet a minimum monthly transaction volume . If you don ' t meet this threshold , you may be charged a monthly minimum fee to make up the difference .
Statement Fee This fee covers the cost of providing you with monthly statements that detail your transaction history and fees . It may include access to online reporting tools .
PCI Compliance Fees Merchants are required to maintain Payment Card Industry Data Security Standard ( PCI DSS ) compliance to protect customer data . Some merchant account providers charge fees related to PCI compliance , such as for security assessments or scans .
Chargeback Fees If a customer disputes a transaction and initiates a chargeback , you may be charged a fee for each chargeback occurrence . Chargebacks can result in the reversal of a transaction and the return of the funds to the customer .
Gateway Fees If you use an online payment gateway to process transactions on your website , you can be charged gateway fees . These fees are separate from your merchant account fees .
Early Termination Fees Some providers may impose fees if you decide to terminate your merchant account before the end of your contract term .
Additional Service Fees Depending on your merchant account provider and the services you require , you may encounter additional fees for services like virtual terminals , recurring billing or fraud prevention tools .
Now that you know all the possible fees that go into your statement you can comparison shop and negotiate with the processor for their portion of the bill . l FON
Marci Gagnon is the Vice President of Strategic Alliances for Qualpay , which provides processing solutions to fuel delivery and service businesses . For more information contact Marci Gagnon at marci @ qualpay . com or visit https :// www . qualpay . com / industry / utility-and-energy .
Continued from page 12 .
U . S . end-use energy expenditures by source ( 1970─2022 ) trillion real 2022 U . S . dollars $ 1.20
$ 1.00
$ 0.80
$ 0.60
$ 0.40
$ 0.20 petroleum
electricity
natural gas other
$ 0.00 1970 1980 1990 2000 2010 2020
Data source : U . S . Energy Information Administration , State Energy Data System
rise is primarily due to high prices for motor gasoline , distillate fuel oil , and jet fuel in the transportation sector . Together , the three fuels accounted for 96 % of petroleum consumed in the transportation sector in 2022 . Petroleum products used for purposes other than generating electricity made up the largest share ( 61 %) of U . S . end-use energy expenditures in 2022 .
Electricity accounted for 28 % of the nation ’ s total end-use energy expenditures in 2022 . Electricity expenditures were $ 482 billion , a 7 % increase from 2021 when accounting for inflation . The electricity expenditures estimates we publish include the amount of money spent on electricity by end-use customers , such as businesses and homes . We remove the expenditures for primary energy sources ( natural gas , coal , nuclear , renewables , and petroleum ) the electric power sector uses to generate electricity to avoid double counting .
U . S . inflation-adjusted energy expenditures for the end use of natural gas totaled $ 179 billion in 2022 , a 26 % increase from 2021 . Natural gas used for purposes other than generating electricity , such as heating and cooling homes and buildings , accounted for 10 % of all of the nation ’ s end-use energy expenditures in 2022 .
Coal , coal coke net imports , and wood and biomass waste combined totaled $ 11 billion of the nation ’ s total end-use energy expenditures in 2022 , a 24 % increase from the previous year when adjusted for inflation . Coal , coal coke net imports , and wood and biomass waste used for purposes other than generating electricity , such as metal manufacturing , made up the smallest share ( 1 %) of the nation ’ s total end-use energy expenditures in 2022 . Principal contributors : Melissa Alejandro , Brett Marohl U . S . Energy Information Administration l FON
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