Payment Gateway Costs

Overview

Payment Gateway Costs refer to the fees charged the the seller by the payment gateway provider for processing transactions.

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Payment Gateway Costs = Total amount of payment gateway costs to seller

The calculation is based on data from the Orders table.

Insights and Actions

Payment Gateway Costs are a critical aspect of e-commerce operations, affecting overall profitability. Efficiently managing and analyzing Payment Gateway Costs can guide strategic business decisions:

• Negotiate Better Rates: Use your transaction volume data to negotiate lower fees with your payment gateway providers, reducing costs per transaction.
• Evaluate Payment Options: Analyze the costs associated with different payment gateways and consider offering those with lower fees to customers, where feasible.
• Optimize Payment Methods: Encourage customers to use payment methods with lower transaction fees through incentives or discounts, improving overall margins.
• Monitor Fee Changes: Keep a close eye on any changes in payment gateway fees and adjust your pricing or fees accordingly to maintain profitability.

Example Use

Prompt

What are my payment gateway fees for the last 90 days?

Response