Why Are Credit Card Fees So High?

Many entrepreneurs understand quickly that credit card acceptance fees are not cheap. In fact, over time, many come to hate this charge as they realize it is hard to make a profit. However, there are a few reasons why it is not free or cheap to accept credit cards. With that in mind, here are three reasons why credit card fees are so high.


Unfortunately, a lot of people commit fraud and use other people’s credit cards. Sadly, most people get away with it, and credit card processing companies must pass on the cost. Remember, since most people have merchant accounts, they will pay for fraud with increased fees and costs. Luckily, most companies try to minimize this, and it helps keep the costs down for the average consumer. Of course, as companies get smarter, so do the criminals. This game is likely to continue for the foreseeable future and consumers will lose out since merchant providers will, inevitably, pass this cost on to their customers.


When working with a credit card processing firm, a customer will understand immediately that he or she has plenty of people to work with. This is advantageous as a client can get his or her questions answered with ease. However, this comes at a cost as merchant accounts providers have to pass on the expense to customers who demand a lot of services. Without a doubt, credit card processing companies have large staffs that can help clients run their companies and make sure that no serious errors occur in the process.


Most people, when they whip out a credit card, do not take notice at much going on with the transaction. However, if a consumer did, he or she would realize that it takes a lot of equipment and software to run the card. In fact, some companies provide a POS system and other expensive and up-to-date equipment. Without a doubt, this can easily cost hundreds of dollars a month, and a small business owner often gets a break from the merchant account provider. However, in the end, a business will pay this expense in higher monthly or transaction fees.

There are multiple reasons why it is not cheap to accept credit cards. When understanding this, a company owner will not have a problem justifying this cost. In the end, it is worth it as it is nearly impossible to succeed without accepting plastic.

Leave a Reply



It took me a while to decide who I wanted to settle with to handle all of my credit card transactions because every company wants to make it sound like they're offering you the best rates. CreditCardProcessing.com was able compare and beat all of the other offers I received. They were also able to provide me the fairest price on my EMV-compliant terminal. My sales representative and the support team were there to assist every step of the way. Ultimately, I'm looking forward to a long term relationship with this company.

Roland Tran from the Hong Kong Kitchen

It is a pleasure dealing with these folks. Their pricing is fair, their statements are understandable and their employees are knowledgeable and friendly.

John MacMillian from the Great Lakes Baking Company

The service was very professional, my sales person (Steven B.) was very well versed in the product and most helpful in getting our company set up to accept credit cards via my cell phone. Their rates are some of the lowest on the market and their service is unparalleled. I will recommend them to anyone requiring a credit card processing service.

Michael Harper from Deluxe Auto Body

Jonathan C. is wonderful to work with. He is very helpful, accommodating and resolves any issue quickly. It is hard these days to find someone who gives great customer service, but I can say, Jonathan is the best! I would not hesitate to recommend him to any business owner and to assist you in helping to grow your business.

Linda Garner from Regali Da Forno

I called indecisive about getting a device, but speaking to your Sales Consultant completely settled me. He was very professional, knowledgeable and patiently walked me through the process. He always responded to my voicemails and answered all my questions. After I received my merchandise, he called following up to ensure that I had received it. Customer service I would say is 5 stars. Stellar! Thanks Credit Card Processing, I will definitely recommend you.

Sarah Morgan from Vision International Ministries
Call Us Today! (866) 837-0751

© 2016 CreditCardProcessing.com. All rights reserved. Privacy Policy
CREDITCARDPROCESSING.COM, LLC is a registered ISO of Wells Fargo Bank, N.A. Walnut Creek, CA

*Further terms and conditions may apply. Promotion contingent upon CreditCardProcessing.com's receipt of written competing offer(s).

**Certain restrictions may apply.

Promotional offers brought to you by CreditCardProcessing.com.

Call (866) 837-0751 for details.