Average Credit Card Processing Fees 2022

Average credit card processing fees are hard to pinpoint in the current payment industry. For example, some businesses will pay more (or less) due to variables such as type of credit cards accepted, how their customers pay with their cards, whether or not they accept debit cards, how many transactions they process each month and more. The point of this blog is to educate you on what these factors are and give you a rough ballpark of what your average credit card swipe charges fees should be.

When it comes to credit card processing fees there are many factors which determine the average fees you will pay. We have created a rough estimate of what your average credit card processing fees should be, but please use this as a guide and not as a definitive number. If given the time we would love to sit down with you and go over all the different options for processing cards and help you find the best fit for your business, feel free to reach out at any time.

A big problem with the effective rate of credit card processing is that it does not take into account many factors that affect your actual costs. Examples are: volume discounts and interchange. If you have either, your effective rate could be significantly lowered from what you thought.

When it comes to processing cards, it's important to know how your business does it so you can make sure you get the best possible rates. There are a couple of different ways to process a credit or debit card, and knowing which one is right for your business will ultimately determine how much you spend on your average credit card processing rates.

If you run a brick-and-mortar business, there’s a good chance you’re charging by swiping the card through a terminal. That’s card-present processing and usually costs you more than other options. The other way to process cards is through what's called "card not present" processing via eCommerce.

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