Glossary

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Term	Definition
Processing Fees	Processing fees are the fees merchants pay each time they accept a debit or credit card payment. Payment processors have different pricing models, which may include a flat fee per transaction, a percentage of each transaction, or both. The type of transaction also affects how much the processing fee will be, with e-commerce transactions carrying higher fees than those made by using an EMV chip at a payment terminal.

Term

Definition

Processing Fees

Processing fees are the fees merchants pay each time they accept a debit or credit card payment. Payment processors have different pricing models, which may include a flat fee per transaction, a percentage of each transaction, or both. The type of transaction also affects how much the processing fee will be, with e-commerce transactions carrying higher fees than those made by using an EMV chip at a payment terminal.