Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?
Stax
APRIL 18, 2024
Considered in the fees are the types of credit card, processing type, and type of business — e.g., the merchant category code (MCC). Finally, the merchant category code (MCC) is a four-digit number that credit card companies use to classify consumers’ transactions. Amex and Visa, as a result, will have different interchange fees.
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