What is the fee associated with CBD Merchant account?

Merchant Services Q&ACategory: CBD Merchant AccountWhat is the fee associated with CBD Merchant account?
Bankim Chandra Staff asked 8 months ago
1 Answers
Bankim Chandra Staff answered 8 months ago

Following Are The Fee Usually Associated With CBD Merchant Account

  1. Setup Charges. Depending upon the processors term they may or may not charge a setup fee. As of now our processing partners do not charge a setup fee for most industries.
  2. MDR. This is a fixed % that a cbd merchant pays on each transaction
  3. Fixed Fee. This can be a fixed $ or Euro amount that a merchant pays for each each transaction.
  4. Rolling Reserve. This can be a fixed percentage usually 10%. Merchant may get this after 180 Days.
  5. Gateway Fee. Charges to use the gateway billed each month
  6. Monthly Fee. PSP may charge this on a case by case basis.