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

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trillion in the US in 2022, accepting card payments is no longer a question of whether to, but how to. Some popular processors offering interchange plus pricing structures include Payment Depot, Stripe, and Helcim. Or paid for your groceries using hard cash? If you’re like most people, then it’s probably been a while.

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

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This is the largest chunk of the merchant fees that need to be paid for payment processing , amounting to between 70% and 90% of the average credit card processing fees. However, 2020 and 2021 have been exempt from these changes, which are paused until April 2022 , giving merchants some respite from the financial stress of the pandemic.