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

Clearly Payments

NOVEMBER 18, 2024

Key Impacts of Poor Chargeback Management: Financial loss: Businesses not only lose revenue but may also incur fees from payment processors. Reputation risk: Excessive chargebacks can damage your standing with card networks. Analyze the reason code provided by the card issuer to determine the cause of the chargeback.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

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

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

Stax

SEPTEMBER 17, 2024

Benefits of using a payment gateway include a simplified purchasing experience for customers, increased operational efficiency, and PCI compliance. It’s important to ensure that you are PCI compliant, even if you’re a smaller business. What Exactly Is a Payment Gateway? What Is a Payment Gateway Account?

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Stax

NOVEMBER 21, 2024

Authorization The credit card details captured by your POS or online payment gateway will be sent to your payment processor. A payment processor is a company that handles the behind-the-scenes aspects of the credit card transaction process on your behalf.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 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 79

Process PCI DSS Processing Costs Settlement 79

EBizCharge

AUGUST 12, 2024

What’s the difference between acquirers, issuers, and payment processors? When navigating the realm of credit card processing, it’s crucial to distinguish between merchant acquirers (acquiring banks), card issuers, and payment processors, as each plays a distinct role in the card transaction ecosystem.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

The Payments Association

OCTOBER 4, 2024

Traditional card issuers and networks must adapt or risk obsolescence. Technological disruption and innovation The rapid pace of technological change is both a challenge and an opportunity for the card payment industry. These regulations are designed to ensure security, protect consumer data, and promote fair competition.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 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

EBizCharge

AUGUST 30, 2024

Breakdown of credit card processing fees Credit card processing fees are charged to merchants for each credit card transaction processed. Each card issuer’s interchange rates are publicly available for reference. These fees vary depending on the payment processor and the merchant’s chosen service plan.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

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

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

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

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 96

PCI DSS Debit Card Processors Credit Cards 96

EBizCharge

NOVEMBER 22, 2024

A credit card hold is when a portion of your credit limit is reserved for a potential transaction. Credit card holds are enforced by merchants, payment processors, credit card networks, and card-issuing banks. A credit card hold can become an actual charge if a transaction is completed.

Credit Cards 52

Credit Cards Card Issuer Issuers Credit Limit 52