Know The Fees
The payment processing industry is notorious for its complex fees. But there’s one simple thing that you can do to spot padded or hidden fees. You can compare your statement to the card brands’ most common payment network fees.
So what are the most common payment network fees? We compiled a comprehensive list of them using the latest rates from MasterCard, Visa, Discover and American Express. We also included a description of each fee in the document as well as the exact descriptor that we use on our merchant statements.
Our hope is that this document helps you understand your expenses and spot hidden fees. We will continue to keep it up-to-date as the card brands make changes to their rates.