What is the fee structure for your services?

Total Merchant Services employs a variety of fee structures designed to accommodate different business needs. These fee structures may vary based on several factors such as the type of service utilized, the processing volume of transactions, and the specific agreements made with clients. Generally, there are several key components of the fee structure that merchants can expect. First, Total Merchant Services often charges a transaction fee for each sale processed. This fee can vary depending on the payment type, such as credit cards, debit cards, or digital payments. Additionally, there may be a percentage-based fee on the total transaction amount, which is commonly referred to as an interchange rate. This rate is typically dictated by the card networks and can fluctuate based on various factors. Moreover, there could be a monthly service fee associated with maintaining the merchant account. This fee might cover aspects such as account management, customer support, and access to reporting tools. It is worth mentioning that some merchants may choose to pay an annual fee as an alternative, depending on the terms of their agreement. There may also be additional fees for services such as chargebacks, statement fees, and equipment leasing if a merchant opts to use point-of-sale devices. It is crucial for merchants to carefully review their agreements and disclosures as these documents provide important details regarding the fee structure relevant to their specific business model. Because fee structures can differ widely based on individual circumstances, merchants are encouraged to consult the Total Merchant Services website for the most accurate and up-to-date information regarding fees and to understand how those fees may apply to their business.