What card processing fee means
A card processing fee is what a payment processor charges to take a card payment, usually a percentage of the amount plus a small fixed fee.
Also called merchant fee, payment processing.
Where it shows up in your business
Processing fees are a real cost of doing business, like fuel. Compare total cost per payment across providers, and build the fee into prices or use a legal surcharge or convenience fee.
Work it out
- Money guide: Credit card surcharge rules
- Money: Money guides for contractors