Traditional Processing
The business pays for credit + debit card fees.
Credit Cards
Under this payment acceptance model, the business assumes full responsibility for all fees associated with processing credit card transactions. All processing costs are absorbed by the business and are not passed on to the customer in any form. The total expense varies based on the card brand, card classification, qualification level, and transaction environment, but the customer always pays only the advertised price of the goods or services.
Debit Cards
Under this payment acceptance structure, the business assumes full responsibility for all fees associated with processing debit card transactions. All processing costs related to PIN and signature debit are absorbed by the business and are not passed on to the customer. While debit rates are generally regulated and lower than credit cards, the total expense varies based on the card brand, card classification, qualification level, and transaction environment, but the customer always pays only the advertised price of the goods or services.