Why am I being charged a processing fee?

While no merchant is a huge fan of credit card processing fees, they do play a fundamental role in the payment process. The fees are used to pay for the infrastructure and technology that allows funds and transaction data to be processed and transmitted from one party to the next in the transaction process.

Are processing fees legal?

Yes. Credit card processing is a service. Like all services, fees exist to cover the costs associated with facilitating that service.

Who pays processing fees?

Merchants are the primary party responsible for paying processing fees.

How do I get rid of processing fees?

You canât âget rid ofâ processing fees. However, you <em>can </em>limit your processing fees by decreasing your exposure to fraud and chargebacks, shopping around for the best payment processor in your transaction tier, and limiting the number of small-dollar transactions you run each day.

Transaction Process Archives

Transaction Process

Credit Card Processing Fees

While no one really loves forking over money to make money, it’s important to know which credit card processing fees are relevant to your business and how much you can expect to pay per transaction. This article will go over these fees in greater detail, from how they break down and who assesses them, to how you can ultimately reduce them.

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