Accepting credit cards is essential for most businesses, but it comes with costs that can add up quickly.

Businesses often pay about 1.7% to 3.5% per transaction depending on card type, industry, and payment method.

The 3 Main Types of Fees

• 1.Transaction fees including interchange, assessment, and processor markup
• 2.Flat fees like monthly account fees, gateway access, and terminal rental
• 3.Incidental fees such as chargebacks, NSF fees, and batch processing fees

Pricing Models to Know

• *Flat-rate pricing
• *Interchange-plus
• *Tiered pricing

How to Keep Costs Down

• *Compare providers regularly
• *Negotiate processor fees
• *Watch for hidden charges
• *Choose the right setup for your volume and payment types