UNDERSTANDING YOUR MERCHANT RATES AND FEES

Now that you understand the basics of how a credit card merchant account works, you can see the role that Instant Commercehas in the processing of your credit card transactions.

All banks and merchant providers require "transaction fees" from you for accepting credit cards. Typically, these fees are broken down into 3 categories: a discount rate, a transaction fee, and monthly fees. For the bank's purposes, a transaction is usually defined as any communication between you and the processing network. A "credit" transaction is treated the same as a regular transaction. Settling a batch is usually considered a transaction as well, as it involves communication with the processing network.

• Getting Started
• Products & Services
  • Instant Commerce
  • Merchant Master
  • Electronic Checks
  • Shopping Carts
  • Merchant Services
    • Steps 1 thru 7
    • Understanding Merchant Rates and Fees
    • Discount Rates
    • Transaction Fees
    • Monthly Fees
    • Payment Gateway System
• Information
• Authorize.Net