Why do major payment processors all charge roughly the same fee (2.9% + $0.30)?

Asked May 5, 2013· 1 answer ·Americas, Developed Markets, North America, United States

Faisal KhanAnswered May 5, 2013

Follow the leader. Set precedence by example: i.e. PayPal.

With the US being an extremely price sensitive market, everyone would like to make more, but since PayPal's the lowest amongst them, then the only logical marketing argument is to match the price and compete on services!

Payment Fees Payment Pricing Payment Operations Americas Developed Markets North America United States

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