Payment Flow
Basis Points (BPS)
A unit of measure equal to one-hundredth of a percentage point (0.01%). Processors quote rates in basis points; for example, 25 bps equals 0.25% of the transaction amount.
Payment Flow
A unit of measure equal to one-hundredth of a percentage point (0.01%). Processors quote rates in basis points; for example, 25 bps equals 0.25% of the transaction amount.