There is a small Credit Card Merchant Fees payable to the bank when accepting credit cards at your shop.
The fees differ from bank to bank and same for the packages. Bank America, Citibank and HSBC are some of the renown banks in the world.
The bank charge the fees for their service to provide you the facilities or conveniences of accepting credit cards. The Credit Card Merchant Fees is usually a small single percentage of the sales amount. The bank will use this fees to pay for their staff overheads and administrative cost which involve stationeries, network connection, etc.
Most merchants have no problem paying the Credit Card Merchant Fees as their increased sales would more than enough to cover this cost.
If you find that the fees is too high, you can always discuss with the bank for a lower rates.
In certain countries, the bank provide the merchants credit card terminals and charges a rental fees. This way the bank will provide maintenance and support to the terminals when they are faulty.
Some merchants opt to purchase their own credit card terminals which cost less than USD 200 a unit for a good one. Two of the popular and reliable brands are Hypercom and VeriFone.
