Statistics on How Much Merchants Pay for Payment Processing in 2024
Clearly Payments
AUGUST 14, 2024
North American payment processing fees are the highest in the world due to a combination of factors, including high interchange rates , which can exceed 2% per transaction, and the dominance of major card networks like Visa and Mastercard that control over 80% of the market. Unlike Europe, where interchange fees are capped at 0.3%
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