Stax

OCTOBER 21, 2024

Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. As beneficial as credit card processing is for small businesses, you’ll have to work with a payment service provider and their fees can be tricky to navigate. Don’t believe it? Here are the numbers to prove it.

Credit Cards 88

Credit Cards Process Processors Processing Costs 88

Stax

JANUARY 5, 2024

Selecting the right payment processing terminal will not only help reduce your processing costs, but it’ll also increase your profits. These are referred to as “card-present” transactions, which basically just means the cardholder and credit card is physically present at the time of sale.

Credit Cards 88

Credit Cards Debit Card EMV CHIPS 88

Clearly Payments

NOVEMBER 17, 2023

This article explores practical strategies to help businesses lower their credit card payment processing costs, offering insights to enhance financial efficiency. This proactive approach allows businesses to not only save on processing costs but also stay ahead in a rapidly changing payment landscape.

Credit Cards 52

Credit Cards Process EMV Processors 52

Stax

APRIL 18, 2024

The steps to process a credit card transaction Step 1: Authorization Request The process initiates when a customer presents their credit card for payment. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Payment Savvy

JULY 3, 2024

Let’s take a closer look at each stage: Authorization The process begins in person or online. The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal.

Debit Card 52

Debit Card Process PCI DSS Processors 52