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What are the primary cost components that impact my merchant rates?

April 26, 2017components COST impact merchant primary rates

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What are the primary cost components that impact my merchant rates?

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The credit card processing industry has a complex pricing structure, with several parties charging fees on each transaction your business processes. On a very simplified level, the merchant pays two sets of fees: an interchange fee set by Visa, MasterCard, which consists of a percentage of the transaction, and a per-transaction fee set by the association (Visa, M/C) and added to by the card processor. These are the primary cost components of merchant processing rates.