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Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

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With credit card transaction volume hitting over $9.5 trillion in the US in 2022, accepting card payments is no longer a question of whether to, but how to. These fees also vary depending on the card network. Payment processors who’ve popularized this model include PayPal and Square.

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

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The parties involved in processing a credit card transaction: Cardholder: The individual or entity holding the credit card and initiating the transaction. Merchant: The business or entity selling goods or services and accepting credit card payments.