Card Transaction Fees: What Every Business Owner Should Know

Universum Solution
Jul 9
3 min read

In today’s world, especially in the U.S., cash is no longer king. Credit and debit cards have taken over as the main way people pay. But as a business owner, do you really know how much those card payments are costing you?

In this blog, we’ll break it down in simple terms so you can understand the most common fees and keep your finances under control.

What is a commercial fee or commission?

Every time a customer pays you with a debit or credit card, there’s an extra cost involved. That cost is called a merchant fee—basically, what you pay for processing that payment.

These fees cover things like admin costs, network infrastructure, and security measures to protect every transaction.

⚠️ Why should you care about merchant fees?

If you own a business, knowing exactly what you’re being charged for every transaction is key. It helps you plan your finances better, avoid unexpected losses, and choose the most affordable payment processing option that fits your business.

Some processors charge more than others, and these fees can eat into your profit if you're not paying attention.

💡 Key Fact:

Businesses must assume between 1.3 and 3.5 % of the total of a purchase to the payment of credit card processing fees, which reduces the margin of sales, that is why it is so important, the choice of the processing company that gives you more benefits in this area.

These are some of the common fees when your customers pay with a card:

Interchange Fee: What Visa or Mastercard charge to process the payment.

Network Fee: Extra charge for using the card’s network.

Transaction Fee: A fixed fee per sale, no matter the amount.

Chargeback Fee: This hits when a customer disputes a charge and gets a refund.

Credit Card Fee: Some cards cost more to process than others.

If you own a business, you must have an active merchant account with a bank, where you will receive your payments. Banks also set their fees according to the transactions you make.

📝 Bank Commissions

Yes, banks may also charge certain fees for the use of their services, these are the most common ones.

Active account fee: Businesses are charged a monthly fee for having an active business account.
Bank transfer fees: Some banks charge for sending or receiving transfers, especially between different banks.
Bounced check fee: This fee is applied when a deposited check bounces.
Non-Sufficient Funds (NSF) Fee: This fee is charged if the account does not have enough funds to cover a transaction.

🎯 Costs for having a Point of Sales System

Using a Point of Sale (POS) system helps you run your business smoothly and make secure transactions, but it also comes with monthly costs.

Whether you’re paying for software, hardware, or both, it’s something to include in your financial planning. The good news? Some banks or payment providers offer lower fees or bundles that include POS services. So shop around for the best deal.

UNIVERSUM

At UNIVERSUM, we know that every dollar counts, and unexpected fees? Nobody wants those. That’s why our Point of Sale (POS) system comes with some of the most competitive rates out there, helping you keep costs down, boost your profits, and give your customers a smooth shopping experience.

Choosing UNIVERSUM isn’t just smart, it’s an investment in your business’s growth.

👉 Let’s talk! We’re here to help you get started.

Don't wait any longer! If you wish to purchase the MT-25 or MT-25+ Point of Sales System, contact us at 1-888-507-6614 or visit our website:

Visit: www.universumsolution.com to learn more about how our services help you save💰.

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