Payment Processing Fees

Payment processing fees are charges that businesses pay to third-party companies (like banks or payment processors) when accepting electronic payments, such as credit or debit cards. These fees cover the cost of securely handling transactions, verifying card details, and transferring funds from the customer’s account to the merchant’s. They typically include a percentage of the sale amount plus a fixed fee per transaction. While they add to the cost of doing business, they enable quick, secure, and convenient payment options for customers. Businesses often factor these fees into their pricing or absorb them as part of their operating expenses.