Below are the main fees that Merchant Service Providers charge for processing. Merchant Account fees are generally divided between Set up Fees and Ongoing Fees .
Setup Fees
- Application Fee
- Set Up Fee
- Hardware
- Software
- Rolling Reserve/Security Deposit
Ongoing Fees
- Discount Rate
- Per Transaction Fee
- Daily Batch Fee
- Authorization/ Verification Charge
- Monthly Statement Fee
- Monthly Minimum Fee
- Voice/Touch Tone Authorization Fee
- Monthly Gateway Fee
- Chargeback Fee
- Fraud Protection Program Fee
- Annual Renewal