Once you’ve generated your Statement Detail Report, some fee names can look confusing because they’re labeled internally. Here’s how to interpret them simply:
Step 1: Look at the “Description” column (This is the most important column.)
“Capture fee schedule” are Mosaic platform fees
“Interchange fee schedule” are Card network interchange fees (set by Visa, Mastercard, etc.)
Step 2: Understand Your Card Processing Fees: Your standard card rate is: 1.25% + $0.10 + interchange
Here’s how that shows up in the report:
- Platform Fees
- Percentage portion (1.25%) consist of “IC+ Percent” and “Capture Fee”
- Per-transaction portion ($0.10) consists of “IC+ Cents” and “Capture Cents”
Interchange Fees (Pass-Through)
The four “Interchange Fee” line items are charged by the card networks and vary by card type. They also include L2 / L3 CIO interchange fees, which applies only to business or corporate cards.