Stax

DECEMBER 20, 2023

It’s common in the credit card processing industry to lock clients into multi-year contracts filled with hidden fees. Most processors will actually waive that fee if you tell them no, so don’t be afraid to speak up. Be sure you know if there is a date you need to provide an opt-out by if you end up switching processors, as well.

Credit Cards 88

Credit Cards Small Business Process Security 88

Stax

AUGUST 29, 2024

It will also communicate with the customer’s card issuer to verify the authenticity of the card details entered into your checkout page. That’s why electronic payments information is first sent to an acquiring bank for verification with the customer’s issuing bank and card issuer before the transaction is authorized.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

Clearly Payments

FEBRUARY 7, 2024

Chargeback Rate The chargeback rate measures the percentage of transactions that result in chargebacks, which occur when customers dispute a transaction with their card issuer. Switching to a low cost payment processor like Clearly Payments will make a big difference.

Process 81

Process PCI DSS Processing Costs Settlement 81

Exact Payments

AUGUST 23, 2023

Less cost for customers; more revenue for vendors In the B2B payments world, credit cards, specifically corporate purchasing cards, make up most transactions, second only to ACH payments. Embedded payment processors should be able to offer what is known as Level 2 and Level 3 credit card processing.

Embedded Payments 52

Embedded Payments B2B Accounts ISVS 52

Stax

OCTOBER 14, 2024

Hunting for a payment processor provider for your business shouldn’t be one of those things. Knowing what to look for and what to avoid can help take the fear out of finding the right payment processor , making the decision a lot easier. Understand the difficulties you may face with a processor’s pricing or support.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88

Payment Savvy

JULY 12, 2024

When a customer pays for a product or service with a credit card, the payment processor manages the transaction from the customer’s bank to your merchant account. Traditional processors take a cut of each transaction and tack on extra fees, which can really chip away at your profits. Why Free Payment Processing?

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Enter the PCI DSS compliance. It’s a global framework established by major payment card networks, including Visa, Mastercard, American Express, Discover, and JCB International.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Clearly Payments

JANUARY 16, 2024

What are Interchange Fees in Canada Interchange fees are charges levied by credit card issuers (such as Visa, Mastercard, and others) to merchants for accepting and processing electronic payments. Payment Processor Markup: In addition to interchange fees, merchants work with payment processors who charge a markup for their services.

PCI DSS 97

PCI DSS Processors Debit Card Credit Cards 97

Stax

MARCH 14, 2024

For businesses looking at paying with a credit card, there are often reward schemes and low-interest rates designed to attract businesses with special B2B credit card solutions offered by Visa, Mastercard, and most other card issuers.

B2B 88

B2B Process B2C Credit Cards 88

Stax

JANUARY 10, 2024

TL;DR Understanding how credit card companies charge merchants is crucial for optimizing costs and enhancing customer experience. Credit card fees, including interchange, assessment, and payment processor fees, impact businesses on a per-transaction or recurring basis. PCI compliance fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Approval Code A code provided by the payment processor to indicate that a transaction has been approved.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52