What are the fees associated with using Vantiv?

Vantiv has a variety of fees associated with its payment processing services, which can vary based on the specific services a merchant chooses and the type of transaction processed. Generally, businesses can expect to encounter several types of fees. These may include transaction fees, which are typically charged for each successful transaction processed through the payment gateway. Additionally, there may be monthly service fees for the use of the platform, which cover the maintenance and support of accounts. Vantiv may also charge assessment fees, which are passed through from payment networks and can vary depending on the card brands involved. Furthermore, there may be interchange fees, which are determined by the card networks and can vary based on the type of card used, among other factors. It is essential for merchants to thoroughly review the terms and conditions associated with Vantiv services to understand the specific fees applicable to their accounts. For precise and up-to-date information about fees, merchants are encouraged to consult the current online resources provided by Vantiv.