Credit card processing fees are the fees that a business must pay every time it accepts a credit card payment. There are multiple types of fees associated with each transaction, and fees can vary depending on the type of credit card accepted.
Interchange Fees
The interchange fee is a payment made directly to the card issuer for the swiped transaction. Fees may vary based on the type of card being used, the amount of the transaction and the industry the business is in. For example, credit card companies may charge higher interchange fees for online purchases since fraud is a bigger problem with these types of transactions.
Payment Processor Fees
The merchant services processor, also called a payment processor, can also charge a fee to facilitate the transaction. Merchant services fees include monthly fees, per-transaction fees, equipment lease fees and statement fees. This is how a processor makes its money since it gets none of the interchange fees.
Assessment Fees
Assessment fees are fees paid directly to the credit card network so that the merchant can use certain credit cards. This fee is based on monthly sales, not per transaction. When combined with the interchange fee, merchants refer to the total as a swipe fee.
Featured Partners
Transaction Fee
$99 per month + $0.08 cents per transaction
Transaction Fee
$29 per month + 1% for debit cards
Transaction Fee
Starting at $59
Transaction Fee
2.6% + $0.10 per card-present transaction