Payment processing fees compensate parties for processing payments. A quoted rate can bundle interchange, scheme assessments and processor remuneration, while other contractual charges may also apply.[1] It is not synonymous with interchange alone or a marketplace sales commission.
Compare total cost for the same payment volume, transaction count, currency and method mix over one period. Include applicable failure, refund or dispute charges when the contract imposes them. Do not assume every transaction costs the same. Use current contractual information rather than a generic online example.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.