What Are the Average Credit Card Processing Fees and Costs?

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent, and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or network providers. Read more about our Editorial Guidelines and How We Make Money.
Average Credit Card Processing Fees
What Is a Credit Card Processing Fee?
3 Types of Credit Card Processing Fees
1. Interchange Fee
2. Payment Processor Fee
3. Assessment Fee
Pricing Models for Credit Card Processing Fees
1. Tiered Pricing
2. Flat Rate Pricing
3. Interchange Plus Pricing
Credit Card Processing Fee Example
Are There Other Fees to Look Out for?
Consider Credit Card Offers With Lantern
Frequently Asked Questions
Photo credit: iStock/Lyndon Stratford
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About the Author
Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
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