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Credit Card Transaction Fees and What’s Involved

Credit card transaction rates include credit card transaction charges such as an inquiry fee and a percentage of the total transaction. The fee is typically a flat rate and the percentage is what is labeled as your “credit card rate” and can be different based on what the credit card transaction charge is and what the type of card is.

Each credit card has a different credit card transaction rate so check with the different carriers and with your company for the flat credit card transaction fee before you sign on the dotted line.