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- 1.5% to 3.5%Credit card processing fees for customers typically cost a business 1.5% to 3.5% of each transaction’s total1234. The actual charge depends on factors like the card type and whether the transaction was made in-person or online2. There are legal options for passing on credit card fees to customers, including surcharging and cash discounting5.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The average credit card processing fee ranges between 1.5% and 3.5%. Just where do all these fees come from, and what can a merchant do to minimize them? What Are Credit Card Processing Fees? Credit card processing fees are the fees that a business must pay every time it accepts a credit card payment.www.forbes.com/advisor/business/credit-card-proc…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. How much you’re actually charged depends on factors like the card type and whether the transaction was made in-person or online.www.nerdwallet.com/article/small-business/credit-c…According to the Congressional Research Service, most credit card processing fees, reflected in something called the merchant discount rate, range from 1-3%. This means that when you buy something for $100 with a credit card, the merchant will likely receive $97-$99.www.discover.com/credit-cards/card-smarts/what-a…Generally, the average credit card processing fees range from 1.7% to 3.5% per transaction. Ultimately, though, the cost your business pays to process credit cards will depend on the payment processor you choose.www.fundera.com/blog/credit-card-processing-fees
- There are legal options for passing on credit card fees to customers.
- Credit card surcharging and cash discounting are two options for passing on fees.
www.nerdwallet.com/article/small-business/passin… - People also ask
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