Payment Savvy

JULY 3, 2024

This means they would only allow customers to pay with their debit cards, While this approach isn’t right for every business, it can be especially useful for those that can’t handle credit card transactions, operate in industries where customers often dispute charges, or want to lower their processing fees.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

Stax

JANUARY 15, 2024

It’s mandatory for all merchants and service providers that accept credit card payments. They’re classified into four levels based on the volume of credit card transactions they process. It’ll help you determine if they can accommodate your business growth, particularly a sudden spike in credit card transactions.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

NOVEMBER 15, 2023

Additional fees Generally, processors toss in other fees, like monthly statement fees, gateway fees, or chargeback fees if customers dispute a transaction. Be proactive in discussing your processing rates and ask for competitive pricing, especially if you have a high transaction volume. Can you decrease interchange fees?

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

EBizCharge

JUNE 28, 2024

Determining the legality of charging credit card fees requires understanding various individual state laws , card network regulations, and the type of fee being charged. It’s essential to check with legal counsel or financial advisors to align with the latest legal standards and avoid potential penalties or customer disputes.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Segpay

FEBRUARY 28, 2024

Per the Forbes Advisor , rates range from 1.5% – 3%+ based on card type, with volume tiers and qualified vs non-qualified categories. Always verify total processing costs for each card brand at projected volumes. per transaction, these fees originate from payment networks but disproportionately benefit processors.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

The Payments Association

JANUARY 20, 2025

Buyers Remorse Leads to Disputes Shoppers tend to be pretty freewheeling with their spending during the holidays. Data from the 2024 Cardholder Dispute Index shows that American shoppers filed chargebacks against $65 billion of purchases last year. When that happens, merchants end up paying the price. On average, that breaks down to 5.7

Disputes 88

Disputes Returns Card Network Rules Volume 88