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Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

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trillion in the US in 2022, accepting card payments is no longer a question of whether to, but how to. Some popular processors offering interchange plus pricing structures include Payment Depot, Stripe, and Helcim. Payment processors who’ve popularized this model include PayPal and Square. increase from the previous year.

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

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However, 2020 and 2021 have been exempt from these changes, which are paused until April 2022 , giving merchants some respite from the financial stress of the pandemic. Square and PayPal are two that have popularized this model. Helcim and Stripe are the more popular payment processors offering interchange plus pricing models.