PCI non-compliance fee: pay for any month when you can’t meet any PCI requirements.Monthly statement fee or monthly fee: pay to payment processors to cover their customer services like preparing monthly statements.Monthly minimum fee: pay in case you can’t generate a certain value or process a certain number of transactions each month.Payment gateway fee: pay monthly for using the payment gateway to accept online credit card payment.This fee is negotiable, depending on your services: The processor charges an ongoing service fee to maintain the merchant’s account. In case you can resolve your dispute, the processor will refund the charged amount to you. Chargeback fee: If your customers dispute a transaction, payment processors will charge you this fee.This bank will collect your information before they process, decline, or approve the transaction. If you pay for that, the POS terminal will remind you to contact the card-issuing bank. Voice authorization fee: Another fee for anti-fraud solution.It costs you only some cents for each transaction. AVS fee: A fee for an anti-fraud solution to verify your customer cardholder’s zip code and address.Batch fees: A small daily fee for your deposits.Some of your certain actions will trigger incidental fees, such as: The margin of each transaction on the credit card processor.This fee can be negotiable, which includes: Payment processing services like PayPal or Square charge you this fee to accept credit cards. This fee is non-negotiable and is lower than the interchange fee. Process the card provider’s transactions on the payment network.Enable the use of a particular card brand.This fee has different rates which depend on:Īssessment fees are the fee that card brands charge the merchant to: Eliminate transaction risks like card fraudĪs the card networks set this fee, it’s non-negotiable for all merchants. Handle the transaction from your bank to your customer’s bank.Interchange fees are the fee that the card processor charges you for issuing bank to: Contributing to your credit card processing costs, there are 5 main parts: 1.
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