Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

Stax

OCTOBER 21, 2024

The first key component is the transaction fee, which is the base cost merchants must pay for each credit card transaction. The interchange fee is another component, set by card issuers. These transactions are usually made with physical credit or debit cards that are swiped or inserted into chip card readers.

Credit Cards 88

Credit Cards Process Processors Processing Costs 88

Stax

APRIL 18, 2024

Interchange plus pricing Interchange plus pricing is a pricing model that charges based on whatever the interchange rates are at that particular moment, “plus” a markup fee that pays your processors processing costs — e.g., 2.1% + $0.10 This software needs to be EMV compliant to handle chip card transactions securely.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

EBizCharge

AUGUST 30, 2024

Breakdown of credit card processing fees Credit card processing fees are charged to merchants for each credit card transaction processed. These combined costs are calculated as a percentage of each transaction plus, in some cases, additional fixed fees.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52