![]() Interchange fees are included in this category and are charged to merchants directly. The rate will depend on the type of card used, with commercial credit cards costlier than debit cards. Types of credit and debit card processing feesĬredit and debit card merchant fees include a combination of monthly or one-off payments and transaction fees:Ī Merchant Service Charge (MSC) or processing fee is a transaction fee typically charged as a percentage of each sale. The high number of different transaction fees is down to the complexity of the multi-party card scheme, which involves at least seven different parties.Įvery credit card transaction includes at least seven different parties. In addition to per-transaction fees, credit and debit card charges can include additional monthly service charges and processing fees. The method of payment (for example, was the payment made over the phone or by mail?) The merchant’s acquirer (ie the business that processes payments on behalf of the merchant) The card network used (such as Visa, MasterCard and Amex) The amount will vary widely depending on several factors, including: ![]() Merchant fees refer to the charges paid by the business when a customer makes a card payment. What are merchant fees for credit and debit cards? This article will walk you through the different types of card charges and how to reduce them. From transaction fees to monthly service charges, there are several merchant fees for credit and debit cards to be aware of. Does your business accept credit or debit card payments? If so, you’ll be paying card charges.
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