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

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Processor markup These are fees charged by the payment processor, which is the company that manages and facilitates credit card transactions. This company accepts credit card payments and sends them to the payment network, either through an online payment gateway or a physical card reader.

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

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Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. Helcim and Stripe are the more popular payment processors offering interchange plus pricing models. Card Network (e.g., These can add up.

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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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These machines are connected to the merchant processing systems that verify the transactions and push the payment through to your business account. Many POS systems are also equipped with software that helps with other business processes like inventory and staff management, in addition to payment processing.