What are the trade fees?
Merchant fees are fees associated with credit card processing. These fees vary depending on the type of business, the bank with which it has a trading account and credit card received. Consumers often do not realize that when they buy by credit card, the trader does not receive the entire amount due to the deduction of commercial fees. This is one of the reasons why businesses accepting credit cards are sometimes forced to increase prices, as a small percentage can increase the main costs over time.
A number of different fees fall into the umbrella of commercial fees. When someone opens a business account, the application fee must generally be paid. In addition, the trader will have to pay an annual account maintenance fee. Every time a credit card is launched, the trader is charged the so -called exchange fee, the fee for the bank of the merchant for communication with the credit card issuer for permission of transaction and acquiring Money. In addition, the trader's bank charges the processing fee for eachcredit card transaction.
for transaction fees can be based on a percentage of transaction or can be flat fees. Some commercial banks combine these two methods, charge a basic flat transaction fee and add a percentage fee. This ensures that they earn a minimum amount at each transaction. Traders are also charged "beneficial fees" that are associated with the association of their transaction information and sending them to the Bank to the bank for processing. Until the transactions are given, they do not actually pass, and transactions are considered to be waiting for the waiting, so it sometimes takes several days for credit cards to be displayed on customers' accounts.
different credit cards have different trade fees, depending on trades negotiated with banks that process business accounts. Therefore Jarchants usually does not accept all credit kaLips, because their bank either does not have an agreement with the card publisher or does it, but business fees are too high to allow the trader. Fees may also vary depending on whether people use regular or rewarding cards. Debit cards that are treated differently are less expensive to process.
business fees are constantly on the rise and there are regular protests between groups of traders who claim that the price for credit card processing is unsustainable. For the public, the reverberations of these protests may be felt when businesses stop receiving credit cards, introduce a minimum credit card (although it usually violates a business agreement), start charging for your products, or start offering a "discount" to people who pay cash as a way to circumvent the restrictions.