Clearly Payments

FEBRUARY 10, 2025

Cash Discounting and Surcharging To offset processing costs, some businesses use cash discounting or surcharging: Cash Discounting Offering a small discount (usually 3-4%) for customers who pay with cash instead of a card. Review Statements Regularly Hidden fees can creep in over time; always check your monthly statement.

Small Business 66

Small Business Process Address Verification System (AVS) Cross-Border 66

EBizCharge

MAY 8, 2024

This article will shed some light on ACH check processing fees, explaining each type and how they could affect your financial transactions. flat fee whether it processes a $100 or a $10,000 transaction. Why are eChecks more efficient than paper checks? What is ACH? For instance, a company might be charged a $0.50

ACH 52

ACH Checks Process ACH Network 52

PYMNTS

FEBRUARY 14, 2020

Myriad universities still use paper checks to send tuition or housing payments, despite the well-documented inefficiencies. Just 5 percent of millennial students paid their tuition with checks. Check delays could prevent them from paying for housing, food or academic supplies, putting them behind academically and financially.

Checks 52

Checks Debit Card ACH Regulations 52

Cardfellow

MARCH 30, 2025

If you’re unsure if business non-qualified is the best your business can do, be sure to check with your processor or CardFellow, if you chose your processor through our marketplace. How to Lower Credit Card Processing Costs Commercial credit card transactions have different rules as well as different rates and fees.

Product 52

Product Processors Credit Cards Commercial Card 52

Cardfellow

MARCH 30, 2025

Lowering Your Processing Costs Restaurants are notorious for thin margins. Its critical to ensure youre not overpaying for credit card processing, which is one of the most expensive costs (after labor) for many businesses. Check out CardFellow.coms credit card processing quote marketplace for help.

Processors 52

Processors Credit Cards Transactions Process 52

Cardfellow

MARCH 29, 2025

Lowering Your Processing Costs If youre receiving the rates above (and youre not seeing padded interchange) youre likely already receiving wholesale interchange. However, that doesnt mean you cant lower your costs. Processors markup is the area to focus on.

Product 52

Product Processors Credit Transaction Credit Cards 52

Tearsheet

OCTOBER 2, 2024

Morgan have recently announced a partnership aimed at facilitating the transition from checks to digital payments for major banks in the United States. Despite the availability of digital alternatives, approximately one-third of B2B transactions continue to use cash and checks. Codat and J.P.

B2B 59

B2B Checks Payment APIs and Integration Push-to-Card 59

Clearly Payments

JANUARY 21, 2025

Efficiency Gains: Digital payment systems reduce processing costs by an average of 40%, as reported by the Government Finance Officers Association (GFOA). This digital approach replaced paper checks, ensuring faster and more secure transactions.

Government Payments 59

Government Payments Government Governance PCI DSS 59

Cardfellow

APRIL 5, 2025

Interchange plus models can often save you money – sometimes significant amounts – over flat rate processing. If youre noticing that your processing costs are taking a larger portion of your revenue, its time to explore other options. Its a far cry from the early days of 2.75% flat rate.

Processors 52

Processors Credit Cards Multi-Currency Transactions 52

Fintech Finance

JULY 30, 2024

The elegant, white-labeled user experience makes real-time payments a simple process for both merchants and consumers. Only Money API allows for 100% white-labeled in-app payment flows with RfP, reducing consumer check-out complexity by eliminating dozens of areas of payment friction across all channels—in-app, online, and at point-of-sale.

RTP 98

RTP FedNow RFP Payment APIs and Integration 98

Stax

MARCH 14, 2024

While wire transfers and checks are quite common, the corporate credit card market is projected to have a compound annual growth rate (CAGR) of 7.3% While traditional B2B payment methods like wire transfers and checks remain common, the corporate credit card market is projected to grow at a CAGR of 7.3%

B2B 88

B2B Process B2C Credit Cards 88

Evolve Payment

JULY 22, 2024

Why Credit Cards Are Essential for B2B Transactions A report by PYMNTS reveals that businesses accepting digital payments, including credit cards, reduce their Days Sales Outstanding (DSO) by up to 25% compared to those relying on traditional methods like checks and ACH payments.

Process 95

Process Credit Cards ACH Payments 95

EBizCharge

MARCH 20, 2025

Consider payment processing costs and ensure the provider complies with industry standards like PCI Compliance. Reviewing each providers functionality, payment collection tools, payment security, costs, and customer support will enable your business to make the best decision.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

Stax

MARCH 11, 2025

The goal here is to check the authenticity of the card details, availability of required funds, and absence of fraud. Payment authorization The issuing bank will do a quick check to ensure everything is in orderwhich is usually an automated process. You should also listen to customer feedback.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Stax

MARCH 5, 2025

Learn More Cater to a Large Set of Customers The online payments process allows your business to accept credit card payments in an easy yet efficient way. Instead of driving down the complicated road of bank transfers or check payments, you can give your customers a simpler way to complete their purchases through your own website.

Credit Card Payment Processing 88

Credit Card Payment Processing Credit Cards Process Payment Gateways 88

PYMNTS

JUNE 23, 2020

Moving from manual processing to digital methods could help businesses reduce both figures. Many companies retain legacy payment processes that create friction, however. Businesses might be set up to pay vendors strictly via paper checks, for example, which is often more costly than digitally disbursing funds.

FinTech 85

FinTech Automation On-Demand Checks 85

Cardfellow

FEBRUARY 26, 2025

Costs to Accept Tap on Phone Tap on phone is considered a card-present transaction and your processor will charge card-present rates. It should not cost anything additional beyond your usual processing costs to accept tap on phone payments. However, rates and fees for card-present transactions vary considerably.

Contactless Payments 52

Contactless Payments Credit Cards Chip Cards Processors 52

Stax

JANUARY 24, 2024

However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing credit card payments.

Credit Cards 88

Credit Cards Laws Legal Caps 88

Stax

JANUARY 24, 2024

However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing credit card payments.

Credit Cards 88

Credit Cards Laws Legal Caps 88

Stax

JANUARY 10, 2024

Viewing these costs individually makes it easier to understand what is contributing to your credit card processing costs and where you may be able to save money. Additional fees As well as the credit card fees mentioned above, there are a range of other fees that contribute to credit card processing costs for business owners.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Cardfellow

MARCH 22, 2025

Costs of Processing Interchange is one of three components of total processing costs. After all, with dozens of interchange categories and regularly changing category names and rates, it would require diligent review of processing statements every month. Lets dig into this a little more.

Process 40

Process Processors Credit Cards Non-Bank 40

EBizCharge

FEBRUARY 24, 2025

ACH payments are cost-effective EFTs, typically incurring lower fees than credit cards, that offer seamless transactions and minimize manual intervention. EFTs reduce the need for physical checks, speeding up payable processes and improving cash flow.

Payment Gateways 52

Payment Gateways Gateways Electronic Funds Transfer (EFT) Wire Transfer 52

PYMNTS

APRIL 1, 2019

The tool supports check, ACH, virtual card and wire payments for corporate users through a unified platform to eliminate the manual processing costs of cutting paper checks. Last year, Basware revealed that it had integrated B2B payment capabilities into its product offering NetworkPay.

Wire 55

Wire Wires ACH Processing Costs 55

Stax

SEPTEMBER 12, 2024

At Stax, we do things differently and offer subscription-based pricing with access to direct cost processing, and no hidden fees. That means that instead of taking a cut out of your sales, we’ll just charge a flat membership fee with wholesale credit card processing costs, saving you up to 40% in payment processing costs.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking Credit Cards Processors 88

PYMNTS

SEPTEMBER 26, 2018

After the checks have been ditched, some AP departments may be left wondering, “What’s next?” The majority reported having already adopted document imaging and scanning processes, and automated data capture tools in the AP function as well. However, adopting electronic payments is only the beginning.

Accounts 64

Accounts B2B Automation Treasury Management 64

Stax

APRIL 2, 2024

That means if a customer wants to make a credit card purchase, they’ll be charged an additional fee to cover the payment processing costs. Although surcharging has been widely debated, it’s starting to become something of a mainstay, especially with rising processing fees.

Credit Cards 88

Credit Cards Best Practices Legal Compliance 88

PYMNTS

DECEMBER 17, 2020

Mike Bellacosa , BNY Mellon’s global head of payments and transaction services, said: “This is yet another exciting example of how we are facilitating innovative solutions that help clients optimize payment processes, reduce processing costs and speed payment delivery and transparency.”.

Real Time Payments 61

Real Time Payments Credit Union RTP TCH 61

Stax

NOVEMBER 8, 2023

Your business still has to incur all processing costs when a customer pays by debit card. The latter is simply another solution that some merchants use to lower their card processing costs. In this method, a certain discount (equivalent to the cost of card processing) is applied at checkout if a customer pays by cash.

Process 88

Process Credit Cards Debit Card Processors 88

Stax

MARCH 14, 2024

This is due to the fact that PIN debit processing costs are often lower than credit card processing costs. Check out this guide !) Q: Are there cost differences when accepting chip and PIN vs. chip and signature cards? Need some help choosing the right card reader for your business?

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

Stax

SEPTEMBER 26, 2024

But they advise businesses to check state laws for stricter limits or an outright surcharging ban. 22% of businesses implement surcharging to offset credit card processing fees. Check your state laws for up-to-date information. The amendment caps interchange fees for debit cards to reduce costs for merchants and consumers.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

FEBRUARY 19, 2025

Define expectations upfront regarding: Response times Escalation procedures Performance reporting Issue resolution timelines Regular check-ins and performance reviews can help maintain alignment and address any concerns before they escalate.

Payments 88

Payments PCI DSS Compliance Risk 88

Synapse Payment Systems

AUGUST 25, 2022

You’ll also spend less time checking for counterfeit bills. The biggest drawback is that these payment gateways have high processing costs on every transaction. Credit cards make balancing the till much easier as you have less physical cash to count. For example, Square charges 3.5% + $0.15 on card-not-present transactions.

Small Business 130

Small Business Credit Cards Payment Gateways Gateways 130

PYMNTS

SEPTEMBER 26, 2019

checks to make their monthly, weekly or daily transactions run the risk of failure — that card payments do not go through, that checks get lost in the mail. He noted that roughly 50 percent to 70 percent of B2B payment volumes are still paid by check. For some businesses, recurring payments present recurring challenges.

ACH 51

ACH B2B Payments Checks 51

Payment Savvy

JULY 12, 2024

Essentially, it’s a way for businesses to offset the cost of processing these alternative payment methods while still providing a convenient option for customers. 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.

Card Network Rules 52

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

Stax

AUGUST 29, 2024

The acquiring bank will check with the customer’s issuing bank to confirm that the customer holds sufficient funds to complete the transaction. Predictable flat-rate pricing and billing A flat-rate pricing model is simple and transparent, which makes it easy for you to calculate and monitor your payment processing costs.

Payment Service Provider (PSP) 88

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

PYMNTS

AUGUST 9, 2018

The tool supports check, ACH, virtual card and wire payments for corporate users through a unified platform. The solution eliminates the manual processing costs of cutting paper checks, Basware said, as well as streamlines and automates accounts payable processes.

B2B 40

B2B Payments Wire Wires 40

PYMNTS

JUNE 6, 2018

The companies said the app, a Software-as-a-Service (SaaS) offering, aims to address inefficiencies of corporate travel and expense (T&E) management, including manual hotel and flight booking, hotel check-in and check-out friction, and employee reimbursements.

Processing Costs 40

Processing Costs Addressing Checks Process 40