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There are a number of ways a small business can accept payment from customers. Merchant services are various financial services for businesses to accept and process electronic payment transactions. It sounds simple, but that includes everything from hardware used for card payments to the virtual gateways that secure online transactions. As always, nothing in life is free either. The average credit card processing fee, which will be taken out of the merchant's (the business) sales revenue. This fee may range from about 1.5% to 3.5%. Merchants can negotiate their card processing fees, and they are not set in stone.

October of 2024, we had been noticing some "new" and "unexplained" charges coming from our business bank account for awhile. M&T Parker LLC has ...