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Average credit card processing fees range from 1.5% to 3.5%. Learn where these fees come from and how you can reduce your cost in our comprehensive guide.
Credit card processing fees can add up quickly. According to data released by the Nilson Report, merchants paid $172.05 billion in processing fees to accept card payments in 2023 — an increase of...
Credit card processing fees are the fees a business pays to process the transaction whenever a customer pays using a credit or debit card. Most credit card processing fees go to the customer’s issuing bank (interchange fees), with small portions going to the credit card association (assessment fees) and the merchant’s credit card processor ...
Credit card processing fees typically cost a business 1.5% to 3.5% of each transaction’s total. For example, you’d pay $1.50 to $3.50 in credit card fees for a sale of $100.
The average credit card processing fee, sometimes referred to as a "swipe fee," is 2.24%, according to the Merchant Payments Coalition. Credit card processing fees for merchants equal...
The average credit card processing fee, which will be taken out of a merchant’s sales revenue, is in the range of about 1.5 percent to 3.5 percent. Merchants can negotiate their card...
Average credit card processing fees can range anywhere from 1.5% to 3.5%. While a few percentage points may seem low, these fees can add up and impact your business’ bottom line.