Application / Setup Fee
This is charged when your account is set up. This fee used to be charged for all new merchant account applications, but it is not as common anymore and most providers do not charge it.
Other Merchant Account Fees Explained:
- Discount Rate
- Transaction Fees
- PIN Debit Transaction Fees
- Address Verification Service Fee
- ACH Fee or Daily Batch Fee
- Monthly Statement / Support / Service Fee
- Internet Gateway Fee
- Voice Authorization Fee
- Monthly Minimum Fee
- Surcharge / Partially & Non-qualified Fees
- Reprogramming Fee
- Chargeback / Retrieval Fee
- Annual Fee
- Cancellation or Termination Fee
- Hidden Fees or Junk Fees
