Stax

JANUARY 10, 2024

the merchant’s business type, and the terms of the merchant’s agreement with their payment processor. Fee ranges will vary depending on the credit card network and financial institution in question, as well as the terms and conditions of the card agreement. Chargeback fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Segpay

FEBRUARY 28, 2024

Key Takeaways √ Hidden charges in payment processing can dig into and erode your bottom line. Merchants can implement several best practices to avoid surprise processing costs. 5 minute read Hidden charges in payment processing can seriously impact any merchant’s bottom-line revenues.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

EBizCharge

AUGUST 5, 2024

Billbacks often complicate the accounting process as they require retroactive adjustments to the revenue, leading businesses to use billback software or third-party billing software. Understanding how billbacks work allows businesses to accurately manage and predict their processing costs, ensuring there are no unexpected fees.

Best Practices 52

Best Practices Disputes Adjustments Processors 52

Stax

NOVEMBER 15, 2023

They significantly impact the cost of accepting card payments. Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards. Can you decrease interchange fees?

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Stax

MAY 7, 2024

Processing fees vary depending on the service provider, the agreement between the merchant and the processor, the type of credit card used (debit, credit, corporate, rewards, etc), and the type of transaction (online, dipped, swiped, or keyed in). How do chargebacks affect processing fees? For example, 2.1% + $0.10

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

EBizCharge

AUGUST 30, 2024

Merchants should thoroughly review their merchant account agreement and ask for clarification on line-item charges they don’t understand. 3 factors that affect credit card fees for merchants Credit card processing fees vary significantly and are influenced by many factors, sometimes making them appear complex and confusing to merchants.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

EBizCharge

JUNE 28, 2024

It’s essential to check with legal counsel or financial advisors to align with the latest legal standards and avoid potential penalties or customer disputes. Credit card networks impose a cap on surcharges, typically restricting them to no more than the merchant’s cost to process credit card transactions or up to 3%, whichever is lower.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52