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The ideal payment gateway should match your business model, target audience, transaction volume, and nature of products or services. However, it might only be suitable for smaller transaction volumes. Interchange-plus pricing – Involves interchange fees and cardassociation fees plus an agreed markup.
Since the only processing costs other than interchange are flat (the monthly membership and a few cents per transaction), effective rates with Stax are close to interchange and tend to decrease as transactional volume decreases. As with Stax, this isn’t the best solution for extremely low-volume businesses.
In addition to online payments, if an organization wants to accept offline donations via credit cards, a merchant account is used alongside a hand-held credit card reader. A cardassociation is a group of banks that sets the terms for all credit card transactions.
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