Merchant Payments: The Extremes Of Credit Card Processing Fees

When looking at the comparisons of merchant payment services and merchant payment
processing accounts many eCommerce merchants, especially when dealing with merchant
payment processing services for the first time. GSPay’s credit card merchant
payment services site is full of numbers, terms and merchant payments terminology,
and for you to understand what GSPay has got to offer in the world of merchant
online payment accounts.

Merchant payments:

Setup or Gateway Merchant Payment is a merchant payments fee paid once. Some merchant account payment gateway fees may be as high as a few hundred dollars and as low as $0.00, depending on the type of merchant account offered by the merchant account payment gateway company.

Membership or Monthly bank direct merchant online payment is a monthly fee paid, like a rent for the usage of the processing gateway. This is another one of the merchant payments that ranges from null to a few hundred USD.

Gateway Processing Merchant Payments are either a percentage of the processed merchant payments or a flat paid for every transaction. It is important to choose a merchant payments system suitable for your type of eCommerce business. Percentages of processing merchant payments may be as high as 10%.

Chargeback Merchant Payments is one of the nastiest merchant payments. They
are also, usually the highest merchant payments, and unless the merchant account
is a high risk merchant account may mean closed doors with Visa and MasterCard
if too many chargebacks are caused by an eCommerce merchant.

Taxes and other Merchant Payments vary from one credit card processing bank to another, and many processing companies do not mention these obligatory merchant payments.

GSPay’s Products Page has a list of the merchant account available and the merchant payments, and all ’usually hidden’ merchant payments are stated openly. Apply now for GSPay’s credit card processing merchant accounts!

Read other articles

• Merchant Processor: How It Functions
• Credit Card Processing for Ecommerce Pharmacy Business
• How to Apply For an Online Merchant Account

Read all articles