Stax

JULY 30, 2024

Credit cards are incredibly convenient as a payment method. Unfortunately for them though, credit card payments come with a cost. billion in fees for accepting Mastercard and Visa credit cards in 2023. This was, in fact, the first time that swipe fees for these two card networks crossed $100 billion.

Credit Cards 88

Credit Cards Laws Rules Debit Card 88

Stax

SEPTEMBER 26, 2024

Credit card surcharges are increasingly becoming a fact of life. Industry data shows that 9 out of 10 credit card users say they don’t want to pay surcharges but do it anyway. That said, you can’t just decide and impose credit card surcharges overnight. Learn More What is a Credit Card Surcharge?

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? Credit card surcharging can help offset these expenses, but it can be tricky. TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

NOVEMBER 15, 2023

TL;DR Credit card interchange fees are the fees that merchants pay to banks and credit card companies every time they accept credit cards. These fees help cover the costs of processing the payment and maintaining the card network. Learn More What are credit card interchange fees?

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Payment Savvy

JULY 3, 2024

Understanding debit card processing fees is important for any business that takes card payments. What Are Debit Card Processing Fees? Debit card processing fees are charges that businesses must pay every time they accept a debit card payment.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

EBizCharge

JUNE 28, 2024

When it comes to accepting payments, businesses often grapple with the costs of credit card processing fees. The question “Is it legal to charge a credit card fee?” Card types The type of card used in a transaction can dictate whether a surcharge is permissible. That said, not all states allow this practice.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Payment Savvy

JULY 12, 2024

For example, you could add a convenience fee if your standard payment method is cash or check, but a customer wants to pay over the phone or online with a credit card. A convenience fee is applied for using a non-standard payment method, while a surcharge is an additional fee added specifically for credit card transactions.

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Card Network Rules Non-Bank Alternative Payment Methods Credit Cards 52