The old basic billing and payment system not only took significant time to generate invoices, but due to traditional mailing methods, it also took a great deal of time before the invoice was in the hands of the client.
Depending on how many credit card transactions your business processes every year, you are subject to different levels of certification from the Payment Card Industry, or PCI. Compliance is achieved and maintained through important security measures.
Fraud risks are a significant driver of transaction fees, especially for merchants who process payments online. Merchant processors will assess your fraud risk exposure on a number of factors, and there are security measures you can put in place to reduce your transaction fees.