Frequently Asked Questions About Fees
When you consider the total cost of selling on Derebbew Marketplace, you’ll notice that there is only one low rate for every type of card and dollar amount. No monthly fees, PCI-compliance fees, cancellation fees, or POS software fees are ever charged. Everything is included in our rate. However, keep in mind that you may incur additional selling expenses as well as other optional programs designed to help you increase sales.
The Payment Processor
Because they facilitate the entire transaction, the payment processor is another party that is paid during the process, charging a set amount each time a transaction is processed. So, whether they’re accepting a payment on your behalf or processing a decline, no scenario exists that doesn’t include a processing fee.
Payment processors, payment gateways, and merchant banks all charge markup fees that round out the fees associated with online payment. Understanding what each price component amounts to is critical when evaluating costs. If you’ve learned how to calculate credit card processing fees, you should be able to determine whether the price you’re charging your customer is reasonable.
A chargeback occurs when a customer disputes a charge from your store and requests that the card issuer reverses it. If your company receives a high number of chargebacks, banks may consider you a higher risk and raise your processing fees. As a result, it’s critical to take precautions to reduce your chargeback risk. Here are some frequently asked questions that you may be thinking about.
We hope that the information presented here helps you understand and evaluate online payment processing costs.