Stax

DECEMBER 20, 2023

Interchange fees help cover the risks associated with accepting electronic payments while ensuring your company has access to guaranteed payment when a customer makes a purchase. Interchange fees are simply a cost of doing business. This not only benefits your customers but also reduces your payment processing costs.

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

Stax

MARCH 14, 2024

It’s popular with B2B businesses as it’s a contractual payment method, requiring both parties to complete paperwork. 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. Thus, it’s more secure.

B2B 88

B2B Process B2C Credit Cards 88

EBizCharge

JUNE 28, 2024

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. Consequently, merchants cannot profit from these fees; their purpose is solely to cover processing costs.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Clearly Payments

AUGUST 14, 2024

North American payment processing fees are the highest in the world due to a combination of factors, including high interchange rates , which can exceed 2% per transaction, and the dominance of major card networks like Visa and Mastercard that control over 80% of the market. Unlike Europe, where interchange fees are capped at 0.3%

Process 78

Process Credit Cards Alternative Payment Methods Debit Card 78

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. By using a credit card surcharge, the transaction cost shifts from merchants to customers.

Credit Cards 88

Credit Cards Laws Legal Caps 88

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. By using a credit card surcharge, the transaction cost shifts from merchants to customers.

Credit Cards 88

Credit Cards Laws Legal Caps 88