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Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

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Whether you run a small online store or a major brand, accepting electronic payments is a must for all businesses. According to Onbe, 73% of consumers prefer using digital payments like cards and payment apps. But to seamlessly receive these payments as a merchant, you’ll need merchant processing services.

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

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Network Access and Brand Usage Fee (NABU): Charged by MasterCard on all settled or refunded credit/debit card transactions. Helcim and Stripe are the more popular payment processors offering interchange plus pricing models. Acquirer Processing Fee (APF): Charged by Visa on all US-based businesses Visa credit card authorizations.