These fees are charged per single transaction, and are used to pay the credit card companies for their services. In most cases, these transaction rates are less expensive for the retail stores than they are for the internet stores. This is because internet business poses a higher risk, so the credit card processing transaction fees are typically higher in order to cover that risk. A transaction fee usually consists of a discount rate, which is a percentage of each transaction (usually ranging from 2.10% to 2.40%), as well as a per transaction fee. This fee is usually anywhere from $.25 to $.40 per transaction. All of these fees will be shown on the merchant’s monthly statement so they will be able to see and track their charges each month. While it may seem like this is a high price to pay, it is absolutely worth it for merchants to be able to easily accept credit cards as payment.

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Labels: credit card processing, credit card processing fees, credit card transaction fees, credit card transactions, transaction fees