COMMISSIONS & FEES
Credit Card and Transaction Fees
Credit Card processing fees, otherwise known as merchant fees are a regular cost of doing business for entrepreneurs across industries. Whether you use Square, Stripe, your local bank or invoicing software, you will likely be subject to some type of transaction fee for payments you collect via credit card. While nobody likes having a couple % of their income skimmed of the top, these fees are a cost of doing business and therefore deductible on your Schedule C, Schedule E or other relevant business return.