Free card-processing statement review
Send one recent monthly statement from your current processor. A person on our team reads every line, works out what you really pay, and replies with a written breakdown and a PalomaPOS quote. There is no obligation, and the breakdown is yours to keep whether you switch or not.
Our team works Monday–Friday, 9 AM–6 PM Eastern Time, in English and Spanish.
What a person looks at
A processing statement runs several pages, and the same kind of cost can show up under different names. The review goes through the whole statement — not just the rate on the first page.
Your effective rate
Total fees divided by total card volume for the month. It is the one number that lets you compare offers that are priced in different ways.
How you are priced
Flat rate, tiered or interchange-plus — and what that pricing model means for the rest of the lines on your bill.
Network costs vs. processor fees
Interchange and network assessments are set by the card networks. The markup, per-transaction fees and any “non-qualified” or downgrade charges come from your processor. The review separates the two.
Monthly, annual and one-off fees
Statement fees, PCI compliance or non-compliance fees, batch, gateway and chargeback fees, monthly minimums and annual fees — the lines that are easy to miss.
Equipment lease
If a terminal lease or equipment rental shows up on the statement, we point it out in the breakdown. A lease is often a separate agreement with its own term, so it is worth knowing about before you change anything.
What you get back
- A written breakdown of your statement: your effective rate, each fee explained in plain words, and which charges come from the card networks and which come from your processor.
- A PalomaPOS quote in writing for the same card volume — the processing, plus how the POS software and the hardware would work for your business.
- Answers to your questions, in English or Spanish, from the person who read your statement.
How long it takes
There is no automated report. A person reviews your statement and replies with the breakdown and the quote. If you would rather go through it together, book a call and we will walk through it line by line.
How PalomaPOS is priced
- $0/month POS software with PalomaPOS processing
- Month-to-month, no cancellation fee — if you leave, you send the terminal back
- Hardware at cost, or free placement for qualifying processing volume
- Same-day funding, with an instant funding option
- Free menu build and data migration; setup and training by video call, with the hardware shipped to you
How to send your statement
Pick whichever is easiest for you. One recent month is enough.
- 1
Email it
Attach the PDF, or a photo of each page, and send it to sales@palomapos.com. Add your name, your business name and a phone number.
Email sales@palomapos.com - 2
Send a photo on WhatsApp
Lay each page flat, take a clear photo of every page, and send the photos to +1 (786) 707-0944.
Open WhatsApp - 3
Book a call
Prefer to talk first? Book a call and we will tell you exactly what to send — then go through the statement with you.
Before you send it
Include
- One full month — every page, including the last pages with “other fees”
- The statement month, your business name and the name of your processor
- Total card volume and total fees for the month
- If your terminal lease is billed separately, that bill too
You can black out
- The account number — the review works from the fees and the totals, not the account number
- Any bank account or routing numbers printed on the statement
- Never send passwords or log-ins to your processor's website — the statement is all we need
How we handle the information you send is described in our Privacy Policy.
Want to look at it yourself first?
Read your statement line by line with our guide, or get your effective rate in a minute with the calculator. Then send it to us for the full review.
Statement review: FAQ
Is the statement review really free?
Yes. A person reviews your current card-processing statement for free, and there is no obligation to switch. You keep the written breakdown either way.
Who reviews my statement?
A person on the PalomaPOS team — not an automated tool. You can ask them about any line on the statement, in English or Spanish.
What do I need to send?
One recent monthly statement from your current card processor, with every page. A PDF or clear photos are both fine. If your terminal lease is billed separately, include that bill too.
Can I black out my account number?
Yes. The review works from the fee lines and the monthly totals, so you can black out the account number and any bank account numbers before you send it. Never send passwords or log-ins to your processor's website.
How long does the review take?
A person reviews your statement and replies with the breakdown and a quote. If you would like to go through it live, book a call and we will walk through it line by line.
My processor doesn't mail a statement. What should I send?
Download the monthly statement, or the fee report for one full month, from your processor's website. It needs to show your total card volume and every fee charged that month.
Do I have to switch to PalomaPOS?
No. The review is useful on its own: you learn what you pay today and which charges come from your processor. If our quote does not make sense for your business, keep the breakdown.
How is PalomaPOS priced?
POS software is $0/month when you process card payments with PalomaPOS. It is month-to-month with no cancellation fee — if you leave, you send the terminal back. Hardware is at cost, or placed free for qualifying processing volume, and processing is quoted from your statement.
PalomaPOS is operated by PalomaFinTech LLC, 2590 Hollywood Blvd, Hollywood, FL 33020. Call (888) 365-0704 or email sales@palomapos.com.