Swipe Fees

Swipe fees, also known as interchange fees, are the fees charged by banks and credit card companies to merchants for processing credit and debit card transactions. These fees are typically a percentage of the transaction amount, along with a fixed fee per transaction.

Key points about swipe fees include:

In summary, swipe fees are the interchange fees charged to merchants for processing card transactions. They cover various costs associated with transaction handling and can vary based on the type of card and the regulatory environment. These fees are an essential consideration for merchants in their pricing and operational strategies.