What determines the Fees that a Merchant Account Provider Charges?
There two main kinds of fees that providers charge: Processing rate ( a single percentage that the card processing service makes off of the total volume of a transaction) and Per Transaction Fee ( a flat rate that is charged every time a transaction is completed). How much a provider charges may depend on the nature of the business, the predetermined fee structure, the type of payment and the mode of payment. For a more detailed answer, read this: http://www.creditcardprocessing.com/2014/08/per-transaction-charge-credit-card-processing-industry/.
Related Questions
- Are there any deferred sales charges (surrender fees) from my existing provider if I transfer my account balance into the Cedars-Sinai 403(b) Retirement Plan now administered by ING?
- How do I get a complete Fees Disclosure from a Merchant Account Provider or 3rd Party Processor?
- What determines the Fees that a Merchant Account Provider Charges?
