What are payment gateway fees?
An example of an AI chatbot conversation about payment gateway fees and their implications.
What are payment gateway fees?
Payment gateway fees are charges that merchants pay to process online payments. They can vary based on the provider.
How are these fees calculated?
Fees are typically calculated as a percentage of the transaction amount plus a fixed fee per transaction.
Are there any hidden fees I should be aware of?
Yes, some providers may have additional fees for chargebacks, monthly maintenance, or currency conversion.
Can I negotiate these fees with my payment processor?
Yes, many payment processors are open to negotiation, especially if you have a high transaction volume.
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