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Confused About Fees in the Payments Industry? BHMI is here to Help.

Confused About Fees in the Payments Industry? BHMI is here to Help.

Fees are the heartbeat of the payments industry.  However, due to the large number of participants, roles, business relationships, rules, regulations, and transaction types, the fee landscape can be incredibly complex.  Check out this recent Payments Journal article that shares some insights into transaction-based fees. 

Since fully understanding fees in the payments industry can be daunting, BHMI also published “Fees & Commissions in the Payments World,” a comprehensive white paper on the topic. The document describes the different fees and commissions, and offers some best practices for developing solid, effective fee structures.  The paper also outlines how BHMI’s Concourse — Fees & Commissions™ software allows for the creation of an almost unlimited range of fee configurations, thereby accommodating the needs of any processor involved in a financial transaction.

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