Merchant Account Rates Explained: Do You Know How Much Each Credit Card Transaction Really Costs?

THE TWO COMPONENTS OF A CREDIT/DEBIT CARD TRANSACTION Each time a merchant process a credit or debit card transaction, she is charged an inquiry fee and a percentage of the total transaction. The inquiry fee is a flat amount, typically between 20 cents and 35 cents. The percentage charged, is typically called your “credit card […]