Processing fee
A processing fee is the charge a payment processor takes on each card payment, usually a percentage of the payment plus a small fixed amount. It is separate from any platform or booking fee. Sellers can absorb it, add it to prices or pass it to the customer where allowed.
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About processing fee.
Also called: card processing fee, credit card fee, payment processing fee, merchant fee.
Rates vary by processor, card type and whether the card is swiped, tapped or keyed in. Refunds may not return the original processing fee.
Surcharging customers is regulated by card networks and some states, so check the rules before adding a separate line.
Include it in your pricing math. A break-even calculator will show how it eats into thin margins.
When a customer pays for a booking by card, they pay a service fee on top of your price, and bzar covers card processing from it.
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