The cost to process transactions typically involves 3 fees:
- Percentage rate
- Transaction fee
- Batch closure
The percentage rate is assessed for charging the cardholder and transmitting the funds into your checking account.
**Note: You do not pay a percentage rate for declined transactions.
The transaction fee is charged every time data is sent to the card association(s) for an approval or declined response.
A batch closure fee is assessed when transactions are settled.
**Note: The batch closure fee is one flat fee regardless of how many transactions are in the file.
To understand your specific fees, please contact us by issuing a support ticket or call our offices at 800-838-9699.