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The Complete Guide To Credit Card Transaction Fees

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Rose Holman

Rose Holman

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Rose Holman is a writer, blogger, and educator from Portland, OR with an MA in Teaching from Western Oregon University. She enjoys educating SMB owners about the complicated (and notoriously sketchy) world of payment processing. Since starting at Merchant Maverick in 2016, she has also added eCommerce software to her areas of expertise.
Rose Holman

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2 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    George H Hutchinson

    Rose

    I like your insight on credit card fees. Is there any statistics showing the % of vendors who are overpaying these fees? Most vendors sign contracts and never look at them again for they are busy running their day to day businesses. I would think there is a large percentage who do overpay. Is there any statistics backing this up?

      This comment refers to an earlier version of this post and may be outdated.

      Jessica Dinsmore

      Hi George,

      Great question! Though, as you’ve pointed out, it’s difficult to obtain accurate data, since most merchants that are overpaying don’t realize they are. Unfortunately we don’t have any statistics or knowledge of any published peer-reviewed studies, but based on our own experience with merchants and statements, it’s a lot!

        This comment refers to an earlier version of this post and may be outdated.

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