Remove ACH Processing Remove Card Association Remove Volume
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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

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 card association fees plus an agreed markup.

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How To Find the Best Credit Card Processor for Small Business in 2024

Stax

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.

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Best 2022 Guide to Credit Card Processing for Nonprofits

BNG Payments

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 card association is a group of banks that sets the terms for all credit card transactions.