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What is a Gateway Fee and why is it charged?

Aravind Kumar . Jun 26, 2024

A:

A gateway fee or payment gateway fee is a charge that a business has to bear when using a payment gateway to facilitate online payments. There are multiple types of gateway fees like transactional charges, monthly charges, maintenance cost etc. Payment gateways charge these fees so that they can cover costs like software maintenance, payment security, and other operational expenses. Furthermore, the gateway fee can vary depending on other factors like foreign transactions charges, types of payment method used, card types etc.

Jun 27, 2024

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