how much merchants pay for payment processing
merchants and other businesses have numerous payment processing providers to choose from which offer varying fee schedules depending on the size of the business and types of transactions merchant discount rates for e commerce transactions are typically higher due to added security costs for example chase pos payment solutions which calls itself the 1 payment processor in the u s recently posted these rates on its website 2chase added that custom pricing was also available while payment processors typically charge for each transaction at the applicable merchant discount rate some charge a flat monthly fee fintech processors typically offer lower costs and bank processing fees are usually higher while the merchant may pay a single fee that fee will typically be split among the payment processor the credit card issuing bank and sometimes other parties 3