How do payment processors determine their fees?

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How do payment processors determine their fees?

Payment Processors fees payment-processors May 3, 20172060 times1 answer1 follower

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admin 120 Rep. Posted May 3, 2017 admin answered May 3, 2017

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score 0 · Answer 1 · 2017-05-03T14:30:43+00:00

This depends on the individual payment processor. Some charge a flat fee, whereas others charge a different fee depending on the customer’s source of payment used. Most processors do not refund fees even in the case that you refund a transaction. The best course of action is to thoroughly read and understand a payment processor’s fee policy before you use them for your business.

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