Why There Are Fees to Accept Credit Cards?

When you have a merchant account, you may have noticed the small fees that are processed each time you swipe a credit or debit card for your customer’s transaction. The fees you are charged are based on the type of credit card that the customer is using and the total amount of the transaction. The credit card processing company that you have may offer different fees for the following types of credit or debit cards: Visa, Mastercard, Discover, American Express, and other major credit cards.

The fees that you may be charged will include a set fee plus a percentage of the transaction amount. You may be wondering exactly what those fees are for that are being charged? The set fee that is seen every time a credit card is swiped is for the approval or decline status message that is given back promptly 60 seconds after you swipe the card. This fee is going to be a set rate that will be determined in the merchant account contract for each brand of credit card that you plan of allowing your customers to use.

The percentage fee amount that is charged each time a credit or debit card is swiped is paid to the credit card processing company. This is for using their services in order to process credit cards. Some credit card processing companies may give the business credit card readers for free, but they will take out their percentage amount each time a credit card is ran on the reader or processed through the business’s website.

It’s important to know about the fees that are being charged to you or your customers every time a credit card is used. Your business will still benefit from taking credit card payments from your customers. You will be able to increase your sales which will give you more profit than just taking cash only. The fees can often be negotiable depending on the company your business is working with.

It is best to shop around before choosing a processing company that you are going to work with on all your credit card transactions. This way you can ensure the fees you are being charged are going to be at the lowest rates possible. The fine print will allow you to see if the rates can possibly increase later on and what other types of fees you may accrue on a daily or monthly basis.

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.