I see this a lot since I am currently looking for a payment gateway for my website and am looking into merchant accounts and don’t fully understand what it is or how it works.
Something along the lines of :
* Per transaction 10¢, daily batch fee 10¢
In: Economics
When you process credit card transactions, usually your processor will wait until the end of the day to submit all of that day’s transactions to the bank at once, known as a batch. There is a fee to submit the batch, called the batch fee.
So, every day you have credit card transactions, you get charged the batch fee. It’s the same fee whether you have 1 transaction or 1M transactions.
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