01
Jan
Types of Processing Fees Merchant processing fees can be confusing for healthcare providers who are focused on delivering care rather than deciphering card statements. These fees consist of several components, including interchange fees set by card networks, assessment fees and mark‑ups charged by payment processors. Factors Affecting Fees Card type: premium and rewards cards have higher interchange rates. Transaction volume: higher volume can qualify you for discounted rates. Card‑present vs. card‑not‑present: remote transactions usually cost more. Risk level: providers in specialties with higher chargeback rates may pay more. Processor contract: flat‑rate, interchange‑plus or tiered pricing models vary widely. Strategies to…
