Back to Blog
Credit Card Processing

About Credit Card Processing Fees

June 4, 2022 • by shall

Estimated reading time: 1 minute

What fees should I see on my merchant statement?

Your merchant statement has a lot of valuable information, and one of the most important sections is the Summary. A summary outlines:

  • Total amount submitted
  • Third-party transactions
  • Chargebacks / reversals
  • Adjustments
  • Fees

The fees shown reflect the cost you’ll pay to the credit card processor, and all of these fees are collected by payment processors. Some of the fees that you’ll see include:

  • Interchange fees paid to the issuing bank
  • Assessment fees paid to the card companies

Both of these fees are wholesale or base cost fees, but the payment processor also has its own fees. Processors will charge a markup, or cost above base, for their services.

Are all the fees necessary? 

Interchange and assessment fees, or the base fees that are collected for someone other than the payment processor, are necessary fees. These fees are fixed and cannot be negotiated by the merchant.

Merchants can negotiate the fees paid to the payment processor, and discounts often begin when certain high-volume levels are reached.

Blog Search
Most Read Blog Articles
The Key Disadvantages of POS Systems Every Business Owner Should Know The Key Disadvantages of POS Systems Every Business Owner Should Know July 21, 2021
High-Risk Check Processing High-Risk Check Processing July 20, 2021
Voice Authorization Basics Voice Authorization Basics July 20, 2021
Understanding What Registered ISO/MSP’s Are Understanding What Registered ISO/MSP’s Are July 21, 2021
Reddit Small Business: 4 Subreddits That Are Perfect for SMB Owners to Join Reddit Small Business: 4 Subreddits That Are Perfect for SMB Owners to Join July 21, 2021
Blog Categories
All posts 147
ACH 27
Cash Discount 11
Chargebacks 6
Clover 1
Credit Card Processing 119
Credit Card Reader 9
Educational Resources 8
EFT Payment 18
Featured 4
Fees 3
Funding 4
Interchange-Plus Pricing 2
Other 17
Recurring Payments 1
Regulation 1
Security 11

    Step 1/2

    Start Processing Payments Now

    No pushy sales.Transparent, straightforward pricing.

    What Can We Help You With?
    Credit Card Processing
    ACH Processing
    POS Solution
    eCommerce/Gateway
    Cash Discount
    Other
    Monthly Processing Volume
    $50,000 or Less
    $51,000 to $250,000
    $250,000 or More
    Industry
    Accounting/Bookkeeping
    Advertising
    Amusement & Entertainment
    Automotive
    Bars
    Business Services
    Car Sales
    Charity/Donations
    Clothing & Accessories
    Construction
    Contracted Services
    Debt Consolidation
    Direct Marketing
    Education
    Firearms & Ammunition
    Government Services
    Home & Garden
    Lending/Capital
    Liquor Stores
    Marketing
    Medical
    Miscellaneous Stores
    Personal Services
    Professional Services
    Tax Services
    Rent/Real Estate
    Repair
    Restaurants
    Retail Store
    Telecom
    Transportation
    Utilities
    Wholesale
    Other
    Required Field
    Required Field
    Required Field
    Required Field
    Required Field
    Required Field

    Thank you!

    Your inquiry has been sent

    We will contact you ASAP!