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This markup can be a fixed fee per transaction or a percentage of the total amount, depending on your processing agreement. Make sure you read the fine print on your processing agreement to know what you might be dishing out for these extras. Can you decrease interchange fees? (Do
How Merchants Can Protect Against Hidden Charges Merchants can implement several best practices to avoid surprise processing costs, such as the following: Reading and understanding payment processing contract Carefully analyze each aspect before signing agreements, even if presented with boilerplate legal jargon.
Card types The type of card used in a transaction can dictate whether a surcharge is permissible. Credit card (CC) surcharges are subject to different rules than those for debit cards. Adherence to guidelines set by credit card companies.
While someone else may be paying a certain rate, your own agreement could result in better terms or potentially higher costs. Types of Debit Card Processing Fees When it comes to debit card processing, you can expect to encounter a number of different types of fees.
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