There’s a
comparable amount of fees every credit card company asks for during credit/debit card sale, some might ask for
little less but has to be paid by the customer.
Interchange
fee:
This fee is
charged for every single transaction that is processed through your card. This
fee is paid by the payment processor to the card issuing bank. Also, the rate
of the transaction depends on per transaction type (credit card or debit card)
and the size of the transaction (small or large).
Monthly
statement fee:
The credit card company sends you a monthly
mail and so asks a small amount of $10 each month for this statement in terms
of fees.
Setup and
Application fees:
Depending upon
the kind of the company application fees vary. Generally, it’s the set-up
amount needed to pay to the company, sometimes less and sometimes more as per
your requirement. If you ask for an equipment update it will relatively vary.
Minimum
monthly fee:
This is the
minimum amount any company charges in between the months and in any month. If
you exceed this amount limit the creditcard processing company will charge you to the minimum keeping the rest in
pending amount.
Monthly
gateway access fees:
For providing
you with a payment gateway facility, some Small
Business Credit Card Processing might charge you for establishing a gateway
platform.
Early
termination fee:
If you take up
with an early contract cancellation early termination fees will be charged. The
company might hundreds to thousands of dollars for the same.
As you can see
there are numerous processing fees and their rate changes as per the amount of
service and the company. Visit http://creditcardandpayroll.com
for trustworthy credit card processing
service today!
