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Payment Processing Fees Explained

October 25, 2023

Understanding Payment Processing Fees

Payment processing fees can vary significantly between providers. These fees typically include transaction fees, monthly fees, and chargeback fees. Understanding these costs is crucial for businesses to manage their finances effectively.

Types of Fees

  • Transaction Fees: A percentage of each sale.
  • Monthly Fees: A flat fee charged for using the service.
  • Chargeback Fees: Fees incurred when a customer disputes a transaction.

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