The Ultimate Guide To Cross Border Fee for Credit Card Processing

 When it comes to paying for goods and services online, credit card processing is often the most convenient option. However, if you're a merchant who sells products or services to customers in other countries, you may be subject to what's known as a cross border fee.


Also called an international transaction fee, a cross border fee for credit card processing is an additional charge that's added to the total cost of a transaction when a customer pays with a credit card that was issued in a different country than the merchant.


For example, let's say you're a U.S.-based merchant who sells products to customers in Canada. If those customers pay with their Canadian-issued credit cards, you may be charged a cross border fee by your credit card processor.


Cross border fees can vary depending on the credit card processor you use, but they're typically around 2-3% of the total transaction amount. So, if a customer in Canada pays $100 for your product, you may be charged a $2-$3 cross border fee.


As a merchant, you may be able to avoid cross border fees by using a credit card processor that doesn't charge them. Or, you may be able to negotiate with your current credit card processor to have the fees waived.


If you do business internationally, it's important to be aware of cross border fees and how they can impact your bottom line. By understanding these fees and taking steps to avoid them, you can keep more of your hard-earned revenue.


Do you accept credit cards from customers in other countries? Have you ever been charged a cross border fee? Share your experience in the comments below!


This article was originally published on due.com. Due is the world’s easiest way to pay and get paid online. We're a free, secure, and simple-to-use platform that makes online payments easy for everyone. Sign up for your free account today!

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