Credit card Processing Rate Complete Guide for Business – Innovative Merchant Services

There are three types of fees that make up your total credit card processing fees. These include transaction fees (charged per credit card transactions), flat fees (monthly payment for using a payment gateway or merchant services provider), and incidental fees (special fees charged for specific occurrences like chargebacks). Of these three, the transaction fee is arguably the most important and most complicated to understand. Credit card processing rates can range between 1.7 to 3.5%. However, how much you pay as a merchant depends largely on your choice of payment processor.
Hopefully, this guide has simplified all you need to learn about the various component of a payment processing system. For more details, you can contact us directly at our toll-free number 1-888-997-3190.