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Credit card transaction fees?

Question asked by Sylvana Reka - Jun 20, 2013
Question

What is a good average fee for card transactions? I don't have a clue.

  • response from Peter Dawson
    - Jun 21, 2013

    Card transaction fees vary quite a bit from one merchant card service provider to another. They can also vary according to the type of business you operate. Credit card fees are based on a percentage of your overall transaction value, while debit card fees are fixed per transaction. To find the best card transaction fees, I advise to ask for free quotes, which will enable you to compare several offers from agreed suppliers and select the one that’s most suitable to your business. Anyway if you want some quick figures, below is a rough estimation: Setup fee: £200 Credit Card Fees: 2.5% Debit Card Fee: 40p Protx (Payment Gateway): £20pm

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