Q. What are the most common fees associated with a credit card processing system?
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HighRisk Gateways


What are the most common fees associated with a credit card processing system?

Usually, a processor charges some percentage of every transaction with few other costs like statement fees, flat fees, or minimum monthly merchant fees for a credit Card Processing System. But the most common fees associated are:

• Interchange Fees: This refers to a fixed fee that card issuing bank charges for the transactions and these rates are set by credit card companies.
• Assessment Fees: This is the total monthly processing fees for each card brand and paid to direct card associations.


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Mar, 2022

Banking
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