Payment processors charge a Per Item Fee for each transaction a merchant processes. Along with the Discount Rate, the Per Item Fee is part of the ‘Plus’ of the Interchange Plus pricing system. Host Merchant Services charges a $0.10 Per Item Fee, however it is not charged for each individual ‘item’ paid for. The Per Item Fee refers to the 10 cent charge for each actual authorization, a better name for this fee would be a Per Authorization Fee.
There are also Per Item Fees associated with each Interchange category. These range from $0.10 – $0.24 cents depending on the card being accepted. The Per Item Fee on a Visa credit card for example, would amount to the 10 cents for the Interchange per item, and 10 cents for the Host Merchant Services per item for a total of 20 cents.