This guide is designed to give a better understanding of card processing fees, and the distinction between the two most popular pricing models: Interchange++ and Blended Pricing.įirst of all, let’s have a look at the variety of fee blocks involved in a typical debit or credit card transaction. For merchants or business owners, it’s therefore crucial to understand the fees that payment providers charge for card transactions to better forecast profit and loss, or form an effective pricing policy to maximise profits. However, one of the most popular payment methods remains the debit/credit card, with even kids owning one or having limited access to their parents’ payment cards. Nowadays, there are an impressive number of ways to pay for goods and services online. One way to enhance customer convenience in online transactions is by utilizing a transaction enrichment tool, which can provide additional context and details about a customer’s purchase history and behavior, allowing for a more personalized and streamlined shopping experience. An internationally recognised payment service provider and direct card acquirer, ECOMMPAY, breaks down some of the common transaction fees you’ll likely see occur online through this guide.Ĭustomer convenience is crucial to any successful online business and includes the consumer’s entire journey from shopping basket to successfully paid order. It’s good practice to learn more about your credit card statements and gain a basic knowledge of the fees you’re charged with. They’re a necessary part of doing business and accepting credit and debit cards for payments.

If you’re selling or buying online, payment processing fees are a given.

Transaction central fees