Regulatory compliance charges are one of those vague fees that processors love to add. It sounds official and necessary, but what exactly are you paying for? Let's decode this fee and figure out if you're being overcharged.
Call your processor and ask specifically what the 'regulatory compliance charge' covers. Request documentation of the actual regulations requiring this fee. Many processors struggle to justify it.
Research what other processors charge for similar fees (if anything). Many reputable processors don't charge separate regulatory fees, instead building these costs into their standard rates.
Armed with your research, call your processor's retention department. Explain that competitors don't charge this fee and request it be waived or reduced.
If your processor won't budge, get quotes from processors with transparent, all-inclusive pricing. Use these quotes as leverage or as a reason to switch.
| Feature | Clover | CapClover |
|---|---|---|
| Customer Support | ✗ Long hold times, unresponsive | ✓ Your assigned rep's direct line |
| Business Funding | ✗ Limited or no options | ✓ Up to $500,000 |
| Approval Time | ✗ Weeks or denied | ✓ Same-day decisions |
| Hidden Fees | ✗ Frequently reported | ✓ Transparent pricing |
| Contract Terms | ✗ Early termination fees | ✓ Flexible terms |
Get business funding up to $500,000 with your own dedicated rep - this is their direct line, not a call center.