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Merchant account providers: the companies that manage credit card processing (e.g., sales, support, etc.), usually through the help of an acquirer.

A merchant may encounter several acquirers for one transaction – one that creates monthly statements, one that handles technical support, and one that issues money to a bank account. They pass batch information and authorization requests along so that merchants can complete transactions in their businesses.

Credit card processors: also known as acquiring banks or just acquirers.

Examples include Discover and American Express. Some card associations take on the role of a bank as well, developing and issuing their own cards.

Credit card issuing banks: the financial institutions that issue the credit cards, like Chase, Citi, and Wells Fargo.

Credit card associations: the companies that create the credit cards, like Visa, MasterCard, and American Express.

Fees to pay for what the contract vaguely defines as “additional services”.

Non-Sufficient Funds (NSF) fee is charged if you don’t have enough money in your business bank account to pay the fees you owe the processor.PCI non-compliance is an expensive monthly fee charged if you fail to establish and maintain your PCI compliance.It’s rarely required, but you’re charged for each occurrence. Voice authorization is another anti-fraud tool with a small per-use fee.Address Verification Service (AVS) fees usually cost a few cents per-transaction when you use this anti-fraud tool to verify the address and ZIP code of the cardholder.Batch fees are nominal, daily fees that you pay when you close out the day’s sales, costing 10 to 30 cents (usually the same amount as your per-transaction fee).Chargeback fees usually cost $15 or $20 per incident, but may be as much as $45. Incidental fees only appear per occurrence (when a chargeback occurs, for instance). Various network fees such as MasterCard’s Merchant Location Fee and Visa’s Fixed Acquirer Network Fee (FANF) that the processor passes on to you as either monthly or annual fees.Most are charged monthly, though some also charge a small per-transaction fee. Gateway fees vary, depending on the payment gateway you use.PCI compliance costs $100 per year, on average, though some companies may prorate it and charge it monthly, sometimes baked into the monthly fee.It may be higher if it includes PCI compliance and gateway fees. Monthly fees usually range from $5 to $15.Scheduled fees vary by name, value, and applicability, some of them will show up on your monthly statements.

Often, both forms are charged on a transaction. Transaction fees are the biggest cost of operating a merchant account and come in two forms: *Consider the entire package of rates and fees with your provider*