How much are you giving up for card processing?
Card Processing is as easy to understand as… no wait. It isn’t. However, we can give you an idea of how it works and how we can help you. Here’s how the fees break down on the average online transaction:
GATEWAY RESELLER
Average Fee 1.29%1 2
PROCESSOR
Average Fee 0.80%1 2
CARD NETWORKS
Average Fee 1.89%3
Average Cost on a $100 transaction
$3.98
The same transaction with Wixcorp
$2.20
1 Annualized to include non-transactional fees like: Monthly Fee, Annual Fee, Statement Fee, PCI Fee, Access Fee, etc.
2 Data averaged from multiple US processors
3 Data taken from the four major card networks 2017 fee schedules and averaged on merchant data card mix