Are there monthly minimums associated with accepting credit cards?
Usually the monthly minimum is around $25; for some banks it might be higher. This processing fee is collected by your transaction and discount rate fees from your credit card sales each month. So, for instance, say your bank charges $25 as a monthly minimum, if the transactions and discount rate fees collected by the bank equal or go over $25 that month, no monthly minimum will be charged. However, if the fees for that month do not meet the $25 monthly minimum, you will then be charged the difference. For small businesses the monthly minimum is sometimes waived.
Usually the monthly minimum is around $25; for some banks it might be higher. This processing fee is collected by your transaction and discount rate fees from your credit card sales each month. So, for instance, say your bank charges $25 as a monthly minimum, if the transactions and discount rate fees collected by the bank equal or go over $25 that month, no monthly minimum will be charged. However, if the fees for that month do not meet the $25 monthly minimum, you will then be charged the difference.
