WebMerchant services is an all-encompassing term. It describes the hardware, software, and financial services needed for a business to accept and process credit cards and debit cards, NFC-enabled mobile wallets, and other contactless payments — online and in-store. Watch the video What is a merchant account? WebDec 13, 2024 · Each credit card company and merchant service provider (MSP) sets its own rates for processing card transactions. The fee is usually made up of a percentage of the sale amount and a standard per-transaction amount that’s charged by your payment service provider. Types of Credit Card Processing Fees
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