How much does a credit card processor charge?
Most credit card processors charge between 1.5% and 3.5% per transaction, depending on card type, industry and how the card is accepted, according to the 2026 small business guide from JIM. Online flat rates are commonly quoted as 2.9% plus 30 cents per transaction, the example Stripe uses in its guide. Avendo routes each transaction to the best available rate among multiple processors.
How much does it cost a small business to process credit cards?
A small business typically pays 1.5% to 3.5% of each card sale in processing fees, per the 2026 guide from JIM. The Small Business Payments Alliance reports that retailers pay an average of 2.3% per credit card transaction. On $1,000,000 in annual card sales, every 0.1 percentage point equals $1,000 a year, which is why rate differences matter at seven-figure volume.
Does Avendo charge merchants a fee?
Avendo does not bill or charge merchants directly. Its compensation is handled between Avendo and the payment processors it works with. Each transaction is still processed by the processor it is routed to, and Avendo’s role is to send every transaction to the processor offering the best available rate. Confirm the details for your store when you apply.
How does Avendo make money?
Avendo is compensated through its arrangements with payment processors, not by billing merchants. Avendo does not bill or charge merchants directly, and its compensation is handled between Avendo and the processors. For merchants, that means there is no separate Avendo invoice on top of the per-transaction processing costs.
What is the cheapest way for a small business to accept credit cards?
For an online store, one of the most direct ways to cut card acceptance costs is to let processors compete for each transaction instead of accepting one fixed rate. Avendo does this by routing every transaction to the lowest available processor rate in real time. Cards also beat checks on cost: Bank of America estimates a business check costs $4 to $20 to handle, per the Small Business Payments Alliance.
Who is the cheapest credit card processor?
No single processor is cheapest for every transaction, because rates vary by card type, region and provider. Published online rates commonly sit at 2.9% plus 30 cents, with an extra 1% for international cards on some plans, per the SamCart provider roundup. Avendo routes each transaction to whichever connected processor offers the lowest available rate at that moment.
What is the cheapest way to accept credit card payments online for a small business?
The cheapest way to accept card payments online is to pay the lowest available rate on each transaction, which is what a multi-processor routing platform is built to do. Avendo connects your existing checkout to multiple PCI DSS-compliant processors and routes 100% of transactions to the lowest available processor rate in real time, and Avendo does not bill merchants directly.
What is interchange-plus pricing?
Interchange-plus pricing passes through the card network interchange cost and adds a set markup, instead of charging one flat percentage. The U.S. Chamber of Commerce CO guide says interchange-plus typically offers lower rates to companies processing more than $10,000 monthly, and JIM says it usually wins on total cost above roughly $50,000 a month. Seven-figure stores sit above both thresholds.
What raises credit card processing rates?
Card type, payment method, industry and sales volume are the main factors that raise or lower processing rates. Manually entered transactions cost more: Square lists 3.5% plus 15 cents for keyed-in payments versus 2.6% plus 15 cents in person. International cards often add 1%, per the SamCart roundup. Routing each transaction to the best available rate helps offset these differences.
Is there free online credit card processing for small business?
Truly free card processing is rare, because card networks and issuing banks charge interchange on every transaction. What some providers offer is free setup or no monthly fee, with costs built into the per-transaction rate. Avendo does not bill merchants directly, and each transaction is routed to the processor offering the best available rate.