Card Processing Complexity – The Fees You Need to Pay Attention To21st November 2019
CMSPI has significant expertise and experience within the card processing industry, and work with hundreds of leading merchants to provide transparency to the complexities associated with processing payments.
The truth is, while interchange fees do make up a large portion of most merchant’s processing budgets, there are many other important factors to consider. These additional considerations or the relationships different factors have with each other are sometimes forgotten about, costing merchants millions of Euros/Dollars/Pounds each year. Each factor in the graphic below will have a knock on effect on a merchants overall cost of acceptance, so it’s important that each is taken into account when performing a holistic review of processes.