Glossary
Recurring fees
Recurring fees are the routine charges associated with maintaining a merchant account, crucial for businesses that accept credit and debit card payments. These fees are charged by the merchant service provider and can vary widely based on the provider, the volume of transactions processed, and the specific services offered. Common types of recurring fees include:
Recurring fees are essential for the operation and support of the merchant account, providing necessary services such as transaction processing, fraud protection, and customer support. Understanding these fees is crucial for businesses to effectively manage their costs and negotiate terms that best fit their transaction volume and processing needs.