davidjohn6366
Registered User
Registered:
7/30/2022 | posted: 9/22/2022 at 4:55:08 PM ET
Credit card processing companies can charge a number of other fees such as application fee, startup fee, activation fee, statement fee, monthly minimum fee, payment gateway fee, charge back fee and termination fee. The application fees charged by some agencies are as high as $300, and non-refundable. Some processors charge a monthly minimum fee of $20. Merchants need to weigh the value of a service for their business and agree only to the ones that make sense.
Do not work with a card processing agencies that asks for an inflated fee to be paid up-front. Reputed credit processing companies make sufficient business without charging additional fees that have no value. The contract should include all the fees the agency will charge your business such as customer service fee, payment gateway fee, etc.
The processing become a credit card processor fee is a small cost to pay for the increased sales your business will enjoy by accepting card payments. Survey the market to find a reputable credit and debit card processor than offers good value for money. Paying a slightly higher transaction fee in exchange for good and reliable services is a good deal.
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