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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. Some popular processors offering interchange plus pricing structures include Payment Depot, Stripe, and Helcim. These fees can also vary based on transaction type.

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

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The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway. The processing type factors in whether it’s a card-present transaction (taken at a point of sale system) or a card-not-present transaction. These can add up.