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Average Credit Card Processing Costs
If you have been reading this blog you probably know that credit card processing fees are split between two parties: Visa and Mastercard, whose fees are called interchange and assessments and are mostly passed along to the banks that issue credit cards and the businesses own acquiring bank / credit card processor / merchant acquirer. You also probably have learned that interchange is not negotiable while the markup of the processor is negotiable. But you may not know what businesses like yours pay on average for their credit card processing. Below is an analysis that we got from informed-merchant.com, which they based on analysis from First Annapolis Consulting and Morgan Stanley.
average credit card processing costs
Keep in mind that the above is an average. How large your processor’s markup is largely depends on how good a negotiator you are. If you are a business that accepts credit cards and want to know how much your processor’s markup is, check out our free credit card processing calculator. If you think you are getting a bad deal, put your business up for bid and compare the rates of a dozen high quality credit card processors with our credit card processing comparison shopping tool. You will get rates significantly better than those shown above, we promise.
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April 14th, 2009 The Revolution Card - Times are ripe for change but the going will be tough says:
[...] offers a credit card with dramatically lower processing fees, a flat 0.50% compared to the greater than 2% typically paid by merchants, as well as MoneyExchange, a free online payment service similar to PayPal. While many are excited [...]
September 25th, 2009 TransFS Launches Comparison Shopping Site For Credit Card Processing Fees says:
[...] significant chunks of change. Usually fees range anywhere between 2 percent and 4 percent. Startup TransFS is hoping to help businesses sort through this issue by offering a comparison shopping website for [...]
September 25th, 2009 Technology blog » TransFS Launches Comparison Shopping Site For Credit Card Processing Fees says:
[...] fees which can amount to significant chunks of change. Usually fees range anywhere between 2 percent and 4 percent. Startup TransFS is hoping to help businesses sort through this issue by offering a comparison [...]
September 27th, 2009 Devils Backyard » Blog Archive » TransFS Launches Comparison Shopping Site For Credit Card Processing Fees says:
[...] fees which can amount to significant chunks of change. Usually fees range anywhere between 2 percent and 4 percent. Startup TransFS is hoping to help businesses sort through this issue by offering a comparison [...]
September 27th, 2009 クレジットカード処理会社を、処理手数料によるオークション形式で選ぶTransFSの比較検討サービス says:
[...] [...]
September 28th, 2009 TransFS Launches Comparison Shopping Site For Credit Card Processing Fees | BrainPair - the Techno Blog says:
[...] fees which can amount to significant chunks of change. Usually fees range anywhere between 2 percent and 4 percent. Startup TransFS is hoping to help businesses sort through this issue by offering a comparison [...]
November 18th, 2009 NYC Taxi Drivers and Credit Card Fees says:
[...] actually not that different from most smaller businesses (see previous article average credit card processing rates) – small businesses usually pay a 1%-3% markup over the wholesale (or interchange) rate for [...]