(Note: Credit Card Processors and Merchant Account Providers usually fill the same role within a transaction, so that’s why you only see “Credit Card Processor” listed below.)Now that we’ve covered all the parties involved, let’s discuss the different types of fees in any given credit card transaction.
Here’s a graphic to help you visualize the flow of a typical credit card transaction.When a chargeback occurs, for instance, you are charged a chargeback fee. ) not have any chargebacks, and, therefore, the fee will not be charged.However, there’s more than just one incidental fee so keep reading to find out what they are.These fees are determined by the credit card issuing bank and the credit card associations (Visa, Master Card, etc.).They are consistent regardless of which provider you choose.They represent the biggest cost of operating a merchant account.