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What is a gateway fee?

April 26, 2017fee Gateway

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What is a gateway fee?

2 Answers

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A gateway fee is charged to allow merchants the ability to perform secure real-time credit card authorizations manually using a virtual terminal or on a web site over the Internet.

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A gateway fee is charged by the processing bank for maintenance of the system that is used to “pipeline” credit card transaction information from your business or web site to the network of banks that further process the transaction. Usually a typical gateway fee is around $10 per month.