For online purchases, the average processing fee is 3.5%. The chart below shows the average credit card network fees for each of the major networks: American Express, Discover, Mastercard, and Visa.

If a merchant wants to charge you a fee for paying by credit card, consider how much that fee is and compare that to the value of the rewards you would earn from the transaction.

How It Works Processors don't usually mark up the base interchange rate (the rate charged for basic non-rewards, non-commercial card transactions) since this rate is listed on the merchant's ...

Swipe fees are often merchants’ second largest expense after labor and eventually get passed down to consumers, experts said. They already cost the average household more than $1,100 annually ...

Robert Day is the MP at weAudit.com and the author of The Great American Heist: How Credit Card Processors Steal Businesses' Profits. As a merchant, you've probably received calls from companies ...

Through the blockbuster agreement, which merchants say is one of the largest in U.S. antitrust history, Visa (V) and Mastercard (MA) will lower published credit-card interchange fees by four basis ...

Merchants, just like consumers, are raising their voices about fees they have to pay to credit card companies. Retailers are pressing Congress to limit these fees.

The largest credit card companies in the United States reached an agreement with merchants last month to reduce the so-called swipe fees retailers pay for accepting credit card payments ...

Anyone who has paid for a transaction with a credit card has, knowingly or unknowingly, experienced swipe fees. When a customer pays a merchant using a credit card, the credit card company charges a ...