Gulf Coast Merchant Services

  If you've ever made an online payment, you've likely paid a processing fee. These fees can be frustrating, especially if you're not quite sure why they exist. In this blog post, we're going to explain what payment processing fees are, why they exist, and how they work. By the end of this post, you'll have a better understanding of these fees and how they impact your online purchases.   First, let's define payment processing.   Whenever you pay for something online, your payment needs to be processed so that the money can be transferred from your account to the merchant's account. This process involves a variety of different parties, including your bank, the merchant's bank, and the payment processor. Payment processing fees are charges assessed by these parties for their role in facilitating the transaction.   Payment processing fees are often a percentage of the total transaction amount, with an added flat fee. For example, a payment proces...