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

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Terminal or equipment fees – Small businesses often lease or purchase payment processing equipment, such as point-of-sale (POS) systems or credit card terminals. Small businesses can pay about $300 per year while large enterprises can expect to pay up to $70,000. These fees can also vary based on transaction type.

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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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Depending on the business type, merchant processing solutions are of two types: Point-of-sale (POS) systems POS systems are a popular payment collection system, with more than 93,300 companies using them in the US alone. In comparison, POS systems are ideal for businesses that operate from one single location.