Remove Business Day Remove Chip Cards Remove Mobile Payment Processing
article thumbnail

Everything You Need to Know About Credit Card Processing

Stax

Step 6: At the end of the month, the statement is sent to the business that details the interchange for all transactions that month–which is the fee set by credit card companies for merchants to accept their cards as payment. Typically, card transactions are authorized in less than a minute.

article thumbnail

How to Choose a Credit Card Reader for Your Business

Stax

Also called chip and signature cards, this action refers to the cardholder inserting a credit card or debit card into the chip reader machine. This method is used with EMV Chip cards, which are more secure than magstripe cards and considered a more modern payment card solution.