The rate that you pay to process a credit card transaction is a combination of account for the largest portion of expense (about 75% - 80%) followed by the markup (about 20% - 25%).With that said, we help a lot of businesses here at Card Fellow that are getting hosed by their current processor, and their base costs are about equal to the markup they're paying.
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Underestimating processing fees at this stage will hurt your new business when it's most vulnerable.
Variables to Consider for Effective Rate Instead of simply guessing, it's better to get an accurate idea of processing fees for your business by taking a few more variables into account.
We get this question a lot here at Card Fellow: "What's the average credit card processing charge for [insert your business type here] business?
" There are easy answers to this question, and then there are the right answers.