#freeprocessing

Credit card processing may often be confusing and not too easy to understand. One of the harder parts of this is processing fees, which almost can’t be avoided fully, but can be cut short, if you’re choosing wisely. Let’s take a look at what parties are involved in credit card processing, so that you can get a better picture of what’s happening behind the scenes.

First of all, it’s the banks. They issue credit cards, you know. Then it’s about the associations like Visa or MasterCard and rules regarding privacy, fees, penalties, usage and so on, that they set up. The credit card processing companies also shouldn’t be ignore. Some of them offer free processing, but these companies most certainly will charge you monthly (there is always an exclusion with lower credit card rate like WOW Payments).

Credit card processing is being managed by credit card merchant account providers who take care of such departments as sales, support and so on and take their own fees. And the last party are payment gateways that process online payments.

The fees can mainly be divided into two categories: base fees and markup fees. Base fees are charged with every transaction that you make and markup fees are often negotiable so you can get rid of them if you really want to.