What are typical credit card processing fees?Ĭredit card processing companies typically charge a litany of fees that range from $5 per month to more than $45 per incident. When you’re ready for a full-service credit card processor, read our reviews of the best credit card processors to compare features, rates and industry-specific tools. ![]() The transparency in pricing and fees means merchants who partner with PayPal won’t get any unpleasant surprises when they receive their monthly statements. ![]() Overall, PayPal keeps fees and additional costs to a bare minimum, making it one of the easiest and most cost-effective credit card processors. PayPal Payments Pro: $30 per month (this option allows you to accept payments directly on your website and includes a virtual terminal).Advanced fraud protection services: $10 per month plus 5 cents per transaction.Recurring billing service: $10 per month.PayPal also offers optional services with monthly costs, including the following: PayPal adds 1.5% to the transaction value and an additional 1% if the transaction requires currency conversion. Cross-border fees: You incur cross-border fees when you accept payments from a customer outside the United States.Chargeback fees: Chargeback fees, which occur when a customer disputes a transaction and PayPal refunds their money, are $20 per incident.While PayPal eliminates most of the fees found throughout the credit card processing industry, you should be aware of the few it maintains, including the following: When you accept credit cards over the phone, by fax or through the mail, these fees will apply. This rate applies to Visa, Mastercard and Discover card payments you accept through PayPal’s virtual terminal. Virtual terminal payments: 3.09% of each transaction plus 49 cents per transaction. ![]() This rate applies to debit and credit cards that you accept through your website or by digital invoice. Website and digital invoice payments: 2.89% of each transaction plus 49 cents per transaction.You can avoid these higher fees using a PayPal card reader for all in-person transactions. This rate applies to credit and debit cards you manually key in. Card-not-present transactions: 3.49% of each transaction plus 9 cents per transaction.This rate applies to payments you accept in person using the PayPal Zettle card reader and POS system, including credit cards, debit cards and contactless payments from digital wallets like Apple Pay, Google Pay and Samsung Pay. In-person payments: 2.29% of each transaction plus 9 cents per transaction.Remember that there will be some cost variations depending on payment type and how you capture card information: Here’s an overview of PayPal’s processing rates and per-transaction fees. ![]() When accepting credit cards with PayPal, you’ll find competitive rates and few fees. How much does PayPal charge for credit card processing? Read our in-depth PayPal credit card processing review to learn more about its POS features, card reader options, customer service and more. We’ll explain everything small businesses should know about pricing and fees for PayPal’s credit card processing services. PayPal’s credit card processing services eliminate this confusion with transparent pricing, so you won’t be surprised when you receive your statement at the end of the month.Įditor’s note: Looking for the right credit card processor for your business? Fill out the below questionnaire below to have our vendor partners contact you about your needs. Unfortunately, navigating credit card processing services can be challenging amid complex pricing structures, fee schedules and hidden fees. Providing your customers with multiple convenient payment options provides a better checkout experience and boosts overall customer satisfaction. Credit and debit cards, along with digital wallets like Apple Pay, Google Pay and Samsung Pay, are prevalent. Fewer consumers carry cash, and more businesses than ever are eschewing the cash-only model. Credit card processing is ubiquitous in modern business.
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