Who pays the credit card merchant fee?

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by richie , in category: Banking and Credit , 9 months ago

Who pays the credit card merchant fee?

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1 answer

Member

by heather , 9 months ago

@richie 

The credit card merchant fee is typically paid by the merchant or the business that accepts credit card payments. This fee is charged by the credit card processing company or the acquiring bank for processing the transaction and is usually a percentage of the total transaction amount or a fixed fee per transaction. The merchant may choose to pass this fee onto the customer as a surcharge or absorb the cost as part of their operational expenses.