Acquirers, Payment Gateways and Processing Costs

What is a Payment Service Provider (PSP) and How Do They Work?

Stax

AUGUST 29, 2024

Learn More Understanding Payment Service Providers (PSPs) A payment service provider helps businesses with the acceptance and processing of payments made via electronic payment methods, including credit cards, debit cards, digital wallets, ACH transfers, and payment apps.

Payment Service Provider (PSP)

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking

How Much Do Credit Card Companies Charge Merchants?

Stax

JANUARY 10, 2024

Viewing these costs individually makes it easier to understand what is contributing to your credit card processing costs and where you may be able to save money. Interchange fees An interchange fee is paid by the merchant’s acquiring bank to the issuing bank every time a credit card transaction is made. Statement fees.

Credit Cards

Credit Cards Processors Debit Card Processing Costs

Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

Stax

DECEMBER 20, 2023

Interchange fees help cover the risks associated with accepting electronic payments while ensuring your company has access to guaranteed payment when a customer makes a purchase. Interchange fees are simply a cost of doing business. This not only benefits your customers but also reduces your payment processing costs.

Credit Cards

Credit Cards Debit Card Processors Non-Bank

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

The Evolving Retailer's Fulfillment Strategy: Meeting Demands with Agility

MORE WEBINARS

Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

APRIL 18, 2024

The parties involved in processing a credit card transaction: Cardholder: The individual or entity holding the credit card and initiating the transaction. Merchant: The business or entity selling goods or services and accepting credit card payments. Step 4: Clearing After settlement, the card network facilitates the clearing process.

Credit Cards

Credit Cards Process Online and Mobile Banking Processors

How to Accept Payments Online: Credit Cards, ACH, eChecks and more

EBizCharge

MARCH 12, 2024

ACH/eChecks tend to accrue lower fees because they bypass credit card networks by using the ACH network, which applies batch processing to reduce individual transactions, resulting in lower administrative and processing costs for financial institutions. How do you accept payments on websites?

Credit Cards

Credit Cards ACH PCI DSS Payment Gateways

Understanding NetSuite Payment Processing and Its Benefits

EBizCharge

MAY 20, 2024

Decoding NetSuite payment terms When diving into NetSuite payment processing, it’s essential to familiarize yourself with common terms. Payment gateway: NetSuite payment gateways act as digital conduits connecting a merchant’s payment system to the payment processing network.

Process

Process PCI DSS Processors Payment APIs and Integration

Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Finovate

OCTOBER 11, 2024

.” BOCHK’s partnership with Worldline reflects the trend in the payments industry toward open platform solutions. Already available in other markets, Worldline’s Paysuite Essential Edition offers issuing, acquiring, authorization, switching, and routing functionality. The company has raised $1.8

Multi-Currency

Multi-Currency Stablecoins Visa Cross-Border Payments

Everything You Need to Know About Credit Card Processing

Stax

NOVEMBER 14, 2024

Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. TL;DR There are several parties involved in credit card processing. You also have to be mindful of the costs of credit card processing. merchant’s) bank.

Credit Cards

Credit Cards Process Online and Mobile Banking Payment APIs and Integration

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. It offsets the card processing costs, transferring the financial obligation to the latter.

Credit Cards

Credit Cards PCI DSS Compliance Process

What Is an ACH Payment Facilitator?

Stax

JANUARY 17, 2024

An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network. ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security.

ACH

ACH Facilitators ISVS Payment APIs and Integration

What Is Debit Card Processing & How Does It Work?

Payment Savvy

JULY 3, 2024

Once the card is swiped, tapped, or details entered, the merchant’s POS system or payment gateway captures the transaction details. This information is then sent securely to the acquiring bank. This response is sent back through the card network to the acquiring bank, which then communicates the result to the merchant.

Debit Card

Debit Card Process PCI DSS Processors

PCI requirements and who needs to follow them

Basis Theory

OCTOBER 1, 2024

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

PCI DSS

PCI DSS Compliance Encryption Assessments

Statistics on How Much Merchants Pay for Payment Processing in 2024

Clearly Payments

AUGUST 14, 2024

North America Payment Processing Fees Merchants in the United States and Canada face some of the highest payment processing fees in the world, with average rates ranging between 2.3% Visa, Mastercard), are paid by the merchant’s bank ( acquirer ) to the cardholder’s bank ( issuer ).

Process

Process Credit Cards Alternative Payment Methods Debit Card

What Is a Credit Card Surcharge?

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. Next, inform your acquiring bank about your intent, again, 30 days in advance.

Credit Cards

Credit Cards Laws Legal Caps

What Is a Credit Card Surcharge?

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. Next, inform your acquiring bank about your intent, again, 30 days in advance.

Credit Cards

Credit Cards Laws Legal Caps

Payments Space

What is a Payment Service Provider (PSP) and How Do They Work?

How Much Do Credit Card Companies Charge Merchants?

Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

Webinars

Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

How to Accept Payments Online: Credit Cards, ACH, eChecks and more

Understanding NetSuite Payment Processing and Its Benefits

Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Everything You Need to Know About Credit Card Processing

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

What Is an ACH Payment Facilitator?

What Is Debit Card Processing & How Does It Work?

PCI requirements and who needs to follow them

Statistics on How Much Merchants Pay for Payment Processing in 2024

What Is a Credit Card Surcharge?

What Is a Credit Card Surcharge?

Stay Connected