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Taking AI Beyond Fraud Prevention And Into The Realm Of Smart Payments Routing

PYMNTS

Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed.

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Statistics on How Much Merchants Pay for Payment Processing in 2024

Clearly Payments

However, additional costs such as acquiring bank fees, payment gateway fees, and cross-border transaction fees can influence the final amount a merchant pays. Asia-Pacific Payment Processing Fees In the Asia-Pacific region, the average payment processing fee a merchant pays generally ranges from 1% to 3% of the transaction amount.