{"id":163,"date":"2006-08-08T15:01:08","date_gmt":"2006-08-08T22:01:08","guid":{"rendered":"http:\/\/www.merchantaccountblog.com\/archives\/163"},"modified":"2006-08-08T15:01:08","modified_gmt":"2006-08-08T22:01:08","slug":"merchant-account-fees-credit-card-interchange-who-are-you-really-paying","status":"publish","type":"post","link":"https:\/\/www.merchantequip.com\/merchant-account-blog\/163\/merchant-account-fees-credit-card-interchange-who-are-you-really-paying","title":{"rendered":"Merchant Account Fees, Credit Card Interchange &#8211; Who are you really paying?"},"content":{"rendered":"<p>When you pay your bill to process credit cards each month, its often unclear as to who exactly the money is going to. There is Visa and MasterCard, some company called a processing bank, the company you are processing with (either a bank or an independent service provider), and finally another bank that issues the customers credit card.<\/p>\n<p><strong>With three and sometimes more companies in the picture, where is your money really going?<\/strong><\/p>\n<p><center><img decoding=\"async\" src=\"https:\/\/www.merchantequip.com\/merchant-account-blog\/images\/money-goes.gif\" alt=\"\" \/><\/center><\/p>\n<p>Merchant account fees are based on top the credit card interchange system. This system specifies how much is charged for the processing of a credit card. The company who takes the largest cut of your fees is the bank that issued your customers credit card. The price of credit card interchange is a complex system that changes with different business types. But generally speaking, the card issuing bank takes almost 90% of the fees that you pay. After that Visa, MasterCard and the back end processor take about 5%. This 5% is called assessments. Finally, the company that actually provides you with your merchant account gets the remaining 5%. This can be more or less depending on how much your provider marked up your fees, but generally is very low compared to what the card issuing bank gets.<\/p>\n<p><strong>Related Posts:<\/strong><br \/>\n<a href=\"http:\/\/www.merchantequip.com\/merchant-account-blog\/archives\/154\">Cutting the middle-man, who is it best to process with?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you pay your bill to process credit cards each month, its often unclear as to who exactly the money is going to. There is Visa and MasterCard, some company called a processing bank, the company you are processing with (either a bank or an independent service provider), and finally another bank that issues the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-163","post","type-post","status-publish","format-standard","hentry","category-merchantaccounts"],"_links":{"self":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/posts\/163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/comments?post=163"}],"version-history":[{"count":0,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/posts\/163\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/media?parent=163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/categories?post=163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/tags?post=163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}