Article, Best Practices and Processing Costs

Best Practices for Measuring Results in Payments

Clearly Payments

MARCH 13, 2024

The importance of measurement extends beyond payment processing alone; it is a cornerstone of success for any growing business. In this article, we will explore the significance of setting goals, communicating results, fostering transparency, and leveraging measurement in payment processing and other industries.

Best Practices

Best Practices Payments Process Accounts

Credit Card Surcharge Sign Wording and Template: How to Create Effective Notice for Your Surcharging Program

Stax

APRIL 2, 2024

As more businesses opt for a surcharge program to manage their ballooning costs, it’s important to be aware of best practices around notifying your customers about this additional fee to not only follow all legal requirements, but also provide a seamless customer experience. Learn More What is Credit Card Surcharging?

Credit Cards

Credit Cards Best Practices Legal Compliance

Are Debit Card Surcharges Legal? What Businesses Need to Know

Stax

DECEMBER 20, 2023

After all, there are many more payment options available than ever before, and each comes with differing costs and technology needs. This article explores the legal landscape surrounding surcharges, shedding light on the intricacies of state and federal laws and strategies for small businesses to manage processing costs.

Debit Card

Debit Card Legal Credit Cards Processing Costs

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

Stax

DECEMBER 20, 2023

In this article, we will break down credit card interchange fees so you will know exactly how much you’re spending when running your business. Memorizing all of the nuances is impossible, but understanding the interchange rate range most common for your business is a good best practice. How Much Do You Pay?

Credit Cards

Credit Cards Debit Card Processors Non-Bank

What Are Billbacks and How Do They Work?

EBizCharge

AUGUST 5, 2024

This article will explain what billbacks are, how they work, and best practices for managing them. 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. What is a billback?

Best Practices

Best Practices Disputes Adjustments Processors

Can I Legally Charge a Credit Card Fee?

EBizCharge

JUNE 28, 2024

When it comes to accepting payments, businesses often grapple with the costs of credit card processing fees. This article will explore the legality of charging such fees as well as the pros and cons associated with them. Consequently, merchants cannot profit from these fees; their purpose is solely to cover processing costs.

Credit Cards

Credit Cards Legal Debit Card Disputes

Why Most Merchants Overpay in Payment Processing

Clearly Payments

JULY 11, 2024

Many merchants unknowingly pay more than necessary in payment processing. This article covers the reasons for overpayment, including hidden fees, pricing models, merchant account setup, lack of transparency, and practical steps merchants can take to reduce these costs.

Process

Process PCI DSS Processors Non-Bank

Magento Credit Card Processing: Set Up and Finding the Right Payment Gateway

EBizCharge

JUNE 7, 2024

This article will guide you through the process of setting up Magento payment processing, choosing a trustworthy payment processor, and syncing payments into additional business software. Following these best practices can significantly improve your Magento payment processing experience.

Payment Gateways

Payment Gateways Gateways Credit Cards Process

How can AP Automation Help Scale Your Business?

Nanonets

NOVEMBER 16, 2023

From receiving invoices to managing approvals, fulfilling payments, and ensuring proper accounting practices, each step in the AP process can be optimized through automation. In this article, we delve into the critical aspects of AP automation that are essential for businesses focused on scaling.

Automation

Automation Process Accounts Checks

What Is a Direct Debit?

Payment Savvy

OCTOBER 8, 2024

Throughout this article, we’ll explore direct debit, its benefits, how it compares to other payment methods like ACH direct debit, and how it helps save time and money. It comes with lower fees, making it a better option for businesses looking to save on payment processing costs. Is Direct Debit Safe? So, is direct debit safe?

ACH

ACH Credit Cards ACH Network Authorization

ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

OCTOBER 17, 2023

Every day, billions of dollars in transactions are processed around the world. This article will explore the processes involved in ACH payments, explaining how to distinguish returns vs. reversals and answering common questions such as what is an ACH return and can you reverse an ACH payment?

ACH

ACH Returns RDFI ODFI

Paperless accounts payable: An implementation guide

Nanonets

NOVEMBER 15, 2023

Could adopting a paperless accounts payable process be the solution? In this article, we'll delve into why it might be. Let's say you process 10,000 invoices monthly at $10 each. Now consider this: roughly a third of businesses surveyed were able to reduce invoice processing costs even more: a whopping 50%.

Accounts

Accounts Payment APIs and Integration Audit Automation

What Is a Credit Card Surcharge?

Stax

JANUARY 24, 2024

However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing credit card payments.

Credit Cards

Credit Cards Laws Legal Caps

What Is a Credit Card Surcharge?

Stax

JANUARY 24, 2024

However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing credit card payments.

Credit Cards

Credit Cards Laws Legal Caps

Credit Card Surcharges: What Are They and Are They Legal?

Stax

APRIL 4, 2024

In this article, we’ll learn about the benefits of credit card surcharging and also delve into the legalities and guidelines for levying a surcharge. The surcharge fee is paid by the customer and helps offset the processing cost for that particular transaction. But it does have an impact on the customers.

Credit Cards

Credit Cards Legal Laws Rules

Payments Space

Best Practices for Measuring Results in Payments

Credit Card Surcharge Sign Wording and Template: How to Create Effective Notice for Your Surcharging Program

Are Debit Card Surcharges Legal? What Businesses Need to Know

Webinars

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

What Are Billbacks and How Do They Work?

Can I Legally Charge a Credit Card Fee?

Why Most Merchants Overpay in Payment Processing

Magento Credit Card Processing: Set Up and Finding the Right Payment Gateway

How can AP Automation Help Scale Your Business?

What Is a Direct Debit?

ACH Reversals vs. ACH Returns: What’s the Difference?

Paperless accounts payable: An implementation guide

What Is a Credit Card Surcharge?

What Is a Credit Card Surcharge?

Credit Card Surcharges: What Are They and Are They Legal?

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