What is the transaction fee charges?

A per-transaction fee is a crucial aspect of electronic payment processing for businesses. It represents the expense incurred by merchants every time they facilitate a customer transaction through electronic means.

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The amount of this fee varies significantly depending on the service provider chosen by the merchant. Different payment processors offer varying fee structures, catering to the unique needs and budgets of their clients.

Typically, the per-transaction fee ranges from 0.5% to 5% of the total transaction amount. This percentage-based fee structure ensures that the cost to the merchant scales proportionately with the size of the transaction.

In addition to the percentage-based fee, merchants may also be subject to certain fixed fees associated with each transaction. These fixed fees can vary depending on the processor and the specific services offered.