Stax

DECEMBER 20, 2023

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. TL;DR Card brands such as Visa and MasterCard along with state and federal laws prohibit debit card surcharging.

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

Stax

DECEMBER 20, 2023

Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks. Interchange fees vary significantly depending on the card issuer, the issuing bank, type of transaction and/or merchant type. How Much Do You Pay?

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

Stax

AUGUST 1, 2024

Card companies like Visa, Mastercard, Discover, etc. charge interchange fees which, on top of other credit card processing fees, can eat away at your profits. As such, credit card surcharging can be beneficial for offsetting these costs. Earlier, the surcharge cap used to be 4%.

Rules 88

Rules Credit Cards Caps Processors 88

Stax

SEPTEMBER 26, 2024

That said, you can’t just decide and impose credit card surcharges overnight. It requires stringent adherence to regulatory guidelines and card network rules, from surcharge caps to disclosure requirements. Credit card networks like Mastercard and Visa set a universal limit of 4% on these fees.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

DECEMBER 6, 2023

This additional fee is intended to cover the costs associated with processing credit card payments. Businesses that choose to add surcharges can either charge a fixed flat fee or a percentage of the transaction amount with a cap on the total. There may also be caps or regulations on these fees depending on local laws.

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

Stax

MARCH 14, 2024

It’s also cost-effective. ACH payments take up to three days to process and cost around 1% of the transaction with a $10 cap. Credit cards/B2B credit cards Credit cards are the staple of payments, but not every B2B business accepts them. Q: How do B2B and B2C credit processing costs differ?

B2B 88

B2B Process B2C Credit Cards 88

Stax

JANUARY 31, 2024

Interchange rates are the fees charged by credit card networks (like Visa, Mastercard, American Express, and Discover) to facilitate card transactions between merchants and banks. These rates are set and collected by the network for processing transactions and maintaining the payment infrastructure.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88