How much does it cost to accept credit card payments?

+1 vote
asked Mar 14, 2018 in Credit by sgd9 (330 points)
How much does it cost to accept credit card payments?

1 Answer

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answered Mar 15, 2018 by Rexer (1,540 points)
The cost to accept credit card payments depends on the amount of the transaction being processed.

But let's take for example. If you sell something for $100.00 and someone uses a credit card to purchase the item you will be charged around $2.50 to $3.00 per $100.00 credit card transaction.

This is why I understand when someone wants to charge me a fee at the register to use my credit card and especially for a small business.

It cost the merchant money to get their money from you through a credit or debit card.

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