Frequently Asked Questions
Find out the answers to some of the most common questions about opening a merchant account.
Interchange + Network Assessment Fees + Transaction Fees
Interchange = the cost that merchants are required to pay per transaction to the issuing bank for the type of credit card used by the customer (set and regulated by Visa, Mastercard, etc.). This cost also depends on the industry the merchant is in and the type of transaction passed (chip or online).
Network Assessment Fees = the cost that merchants must pay per transaction to the card brands (set and regulated by Visa, Mastercard, etc.).
Transaction Fees = the cost that goes to your payment provider, for processing payments, depositing funds, managing account statements and providing support.