Transaction Fee and Rate Information for Accepting Credit Cards | Shift4: " Merchants are continuously trying to figure out and understand the various fees that they get charged for accepting credit card transactions. The industry has created a myriad of different fees that can be imposed upon a Merchant and these fees are hidden behind a variety of different rules and regulations created by the Card Associations.
The only fee most Merchants are familiar with is their quoted Discount Rate. The Discount Rate is a percentage of each dollar processed, and possibly an additional flat per transaction fee that the Merchant Services Provider charges the Merchant for processing a transaction. From that Discount Rate, the Merchant Services Provider, Processor, Issuing Bank and Card Associations all take portions for their services."
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