What is a minimum transaction fee?

A merchant account monthly minimum fee is a financial obligation that select payment processors impose on businesses. This fee applies when a merchant's total monthly transaction fees, generated from credit card sales, fall below a predetermined threshold set by the processor.

Additionally, merchants should regularly review their transaction fees and merchant account agreements to ensure that they are not paying unnecessary fees or are taking advantage of all available cost-saving opportunities.

The purpose of this fee is to ensure that the payment processor can cover its costs of providing services, even if a merchant's transaction volume is low. It acts as a safeguard for the processor's financial stability.

The threshold amount for the monthly minimum fee can vary depending on the payment processor and the merchant's specific account agreement. It is essential for businesses to understand and factor this fee into their financial planning.

BTCC, a leading cryptocurrency exchange, offers a range of services to its customers, including spot trading, futures trading, and cryptocurrency wallet services. These services enable users to buy, sell, and store digital assets securely and efficiently.