article thumbnail

Payment Processing for Small Businesses: What They Don’t Tell You

Clearly Payments

Settlement Delays International payments can take 2-5 days to process due to multiple banking systems involved. Regulatory Compliance Businesses must comply with rules like GDPR (Europe), PSD2 (EU), and AML/KYC laws in various countries. Use an Interchange-Plus Pricing Model Its usually cheaper than flat-rate pricing.

article thumbnail

How Much Do Credit Card Companies Charge Merchants?

Stax

If you’re considering surcharging, you need to ensure that your program complies with all relevant state laws and regulations. Tools such as Address Verification System (AVS) and CVV checks help to prevent fraudulent chargebacks by ensuring that the cardholder’s provided details are authentic.

article thumbnail

The Best Way for a Business to Handle Chargeback Management

Clearly Payments

Fraud Prevention Tools : Use CVV verification , address verification systems (AVS), and machine learning algorithms. Customer Support Accessibility : Offer multiple channels (email, chat, phone) for customers to address issues directly. GDPR/CCPA : Protect customer data and comply with regional privacy laws.

PCI DSS 59