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Credit Card Processing Fees: Credit card processing fees are the charges levied on merchants for processing credit card transactions. These fees typically include interchange fees (paid to card-issuing banks), assessment fees (paid to card networks like Visa and Mastercard), and payment processor fees (charged by the merchant service provider). The exact fee structure varies depending on factors such as transaction volume, average ticket size, and the type of business. While credit card processing fees represent a cost for merchants, choosing a payment processor with transparent fee structures and competitive rates can help businesses manage costs effectively and maximize their profit margins.
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