Credit Card Processing Fees Examples
GRAPHIC DISPLAYS STANDARD CREDIT CARD PROCESSING
MERCHANT
SELECT YOUR GROCERIES
RUN YOUR CREDIT CARD TO COMPLETE YOUR PURCHASE FROM THE MERCHANT
PURCHASE = $100.00
CC PAYMENT IS TRANSMITTED VIA THE WEB
STILL $100.00
ACQUIRING/MERCHANT BANK
FEE CHARGED
CREDIT CARD NETWORK
FEE CHARGED
CARD ISSUING BANK
FEE CHARGED
MERCHANT
ACTUAL FUNDS DELIVERED TO THE MERCHANT: $96.00 TO $97.00
THE CREDIT CARD FEE BEING PAID BY CUSTOMER
MERCHANT
SELECT YOUR GROCERIES
RUN YOUR CREDIT CARD TO COMPLETE YOUR PURCHASE FROM THE MERCHANT
PURCHASE = $100.00
CC PAYMENT IS TRANSMITTED VIA THE WEB
STILL $100.00
ACQUIRING/MERCHANT BANK
FEE CHARGED TO CUSTOMER
CREDIT CARD NETWORK
FEE CHARGED TO CUSTOMER
CARD ISSUING BANK
FEE CHARGED TO CUSTOMER
MERCHANT
ACTUAL FUNDS DELIVERED TO MERCHANT: $100.00