What is a transaction fee?
If we are really discussing a reliable way to make transactions, then I recommend that you use the services of a payment gateway. This will help you protect your money and keep your customers (when it comes to business). I can recommend you to try the payment gateway MaxPay https://maxpay.com/ . These guys show a professional approach to work and protect your money and your business
A transaction fee is a scam. In addition to commission, it is a fee for the broker or real estate agent. We find this sometimes hidden fee as an affront to the customer or client. Virginia real estate law requires as part of doing business, certain activities to occur. To charge extra for these services is ridiculous and in no way provides for any additional services to the consumer or client.
There is a $0.30 transaction fee charged to each authorization, whether settled or not. Note, some banks deduct this fee at time of sale, while most deduct it as a total of charges at the end of each month. If you are outside the U.S., High-risk or Fast Track, the transaction fee will be higher. Internet accounts have a 2.39% discount rate, and $0.30 transaction fee for Qualified transactions. How does that work? Visa & MasterCard and the processor take a fee for every transaction. It works like this. On a $100 sale, the discount rate of 2.39% would deduct $2.39 from the $100 sale. There is a $0.30 transaction fee charged to each order. Therefore, on the $100 sale, the processor would keep $2.69 , giving you, the merchant a net of $97.31. Note, some banks deduct this fee at time of sale, while most deduct it as a total of charges at the end of each month. If you are outside the U.S., High-risk or Fast Track, the discount rate will be higher.
