Stax

MAY 7, 2024

For example, the interchange fees for online transactions may be higher due to the higher risk of credit card fraud. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. Stax is one card payment processor that uses this pricing model.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Stax

SEPTEMBER 26, 2024

TL;DR Surcharges are additional fees that a business adds to a customer’s bill when they choose to pay with a credit card. These fees help the business offset the cost of credit card processing fees, which the merchant typically has to pay to the card issuer and payment processor.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

AUGUST 29, 2024

TL;DR PSPs help businesses accept credit cards, digital wallets, ACH transfers, recurring payments, and other types of mobile payments, while also providing POS systems and the integrated software required for managing business financial operations.

Payment Service Provider (PSP) 88

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

Payment Savvy

JULY 12, 2024

In the evolving world of small businesses, efficient payment processing is crucial. However, the fees associated with payment processing can be a burden. 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.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

Stax

DECEMBER 6, 2023

Merchants choose to surcharge credit card transactions to offset the cost of processing credit card payments. Credit card processing fees can be expensive, especially for small businesses. What are the pros and cons of credit card surcharge fees?

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 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 The membership model has one of the most transparent credit card processor account fees.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

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. Read the section B2B processing costs below to learn more.)

B2B 88

B2B Process B2C Credit Cards 88

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? Is your business experiencing an increase in complaints from customers about hidden fees or unexpected charges? Credit card surcharging can help offset these expenses, but it can be tricky. No surprise there.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 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

Stax

JANUARY 17, 2024

ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security. This makes ACH PayFacs a desirable option for small businesses or start-ups. This makes ACH PayFacs a desirable option for small businesses or start-ups.

ACH 88

ACH Facilitators ISVS Payment APIs and Integration 88

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. Purchase volumes through credit cards jumped 51% between 2015 and 2021. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic.

Credit Cards 88

Credit Cards Laws Legal Caps 88

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. Purchase volumes through credit cards jumped 51% between 2015 and 2021. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic.

Credit Cards 88

Credit Cards Laws Legal Caps 88

Stax

APRIL 4, 2024

TL;DR A credit card surcharge is an additional fee charged by businesses that receive payment through credit cards. The surcharge fee is paid by the customer and helps offset the processing cost for that particular transaction. Credit card surcharging is legal in most U.S. Are Credit Card Surcharges Legal?

Credit Cards 88

Credit Cards Legal Laws Best Practices 88