Keeping it Simple: Your Payment Processing Costs Explained
Pricing, dota2直播手机版 Go

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January 10, 2020 Calculating time...

dota2直播手机版 ® simplified pricing makes the costs associated with processing credit and debit card payments easier to understand. Read on to see what makes up your business's processing costs.

Processing costs have three components:

Interchange rate

An amount that every card processor, like dota2直播手机版, is required to pay credit card issuers and/or financial institutions for each credit or debit card transaction processed by its merchants

Interchange rates are set and regulated by card brands such as Visa ® , Mastercard ® , Discover ® , and UnionPay. They can vary by card type, transaction type, business type/Merchant Category Code (MCC), and the risk associated with transactions.

Network assessment fee

An amount that every card processor, like dota2直播手机版, is required to pay card brands for each credit or debit card transaction processed by its merchants

Network assessment fees are set and regulated by card brands and can vary by the region where the card was issued (domestic or foreign) and settlement currency (CAD, US, etc.)

dota2直播手机版 transaction fee

The fee paid to dota2直播手机版 for the credit and debit card transaction processing, clearing, settlement, reporting, and customer service we provide to your business

Note: with simplified pricing, the interchange rate and network assessment fee are passed through to you by dota2直播手机版 and can be reviewed in your statement.

Let’s look at how this graphic translates into real-world numbers. Here’s an example of a $100 transaction using a basic (entry-level) Visa card*:

  • Visa Interchange rate: 1.42% ($1.42)
  • Visa Assessment fee: 0.09% ($0.09)
  • dota2直播手机版 Transaction fee: 0.40% ($0.40)

The total processing cost of a $100.00 transaction would be $1.91, which means the business would get $98.09 after processing fees.

You can learn more about simplified pricing here .


The information in this article is provided solely for informational purposes and is not intended to be legal, business or other professional advice or an endorsement of any of the websites or services listed. VISA is a trademark owned by Visa International Service Association and used under license. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. DISCOVER is a registered trademark of Discover Financial Services.
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The foregoing is an overview of the simplified pricing structure that applies to the processing of credit and debit card transactions. Other fees may apply depending on the services received from dota2直播手机版. Please review your dota2直播手机版 Merchant Agreement for details.
*All rates are dependent on the type of card used. Example shown is for demonstration purposes and does not denote actual rates. Actual rates will vary depending on merchant agreement and the type of card used.

 

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