Segpay

FEBRUARY 28, 2024

Key Takeaways √ Hidden charges in payment processing can dig into and erode your bottom line. Merchants can implement several best practices to avoid surprise processing costs. 5 minute read Hidden charges in payment processing can seriously impact any merchant’s bottom-line revenues.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

Stax

AUGUST 29, 2024

The best provider for you will be one that supports multiple currencies and lets you process transactions in the preferred local currency of your customers. 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

EBizCharge

MARCH 12, 2024

ACH/eChecks tend to accrue lower fees because they bypass credit card networks by using the ACH network, which applies batch processing to reduce individual transactions, resulting in lower administrative and processing costs for financial institutions. How can I accept digital payments?

Credit Cards 52

Credit Cards ACH PCI DSS Payment Gateways 52

Payment Savvy

JULY 3, 2024

PCI DSS Compliance This is the cornerstone of debit card security. The Payment Card Industry Data Security Standard (PCI DSS) outlines a set of comprehensive security requirements for merchants and payment processors. Faster transaction processing can improve your cash flow and financial management.

Debit Card 52

Debit Card Process PCI DSS Processors 52

EBizCharge

MAY 20, 2024

The saved card feature follows Payment Card Industry Data Security Standards (PCI DSS) to ensure data security while offering a convenient option for customers who prefer to use the same payment method for recurring transactions. What support options are available for NetSuite payment processing?

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

Stax

MARCH 14, 2024

B2B payments are vulnerable to fraud, particularly when involving large sums of money and manual processes like checks. Cross-border B2B payments can be complicated due to currency conversions, regulatory compliance, and varying banking systems. Read the section B2B processing costs below to learn more.)

B2B 88

B2B Process B2C Credit Cards 88

Stax

NOVEMBER 11, 2024

When you’re selling products or services that cost thousands of dollars, you end up paying hundreds of dollars in credit card fees. Using ACH payments reduces your processing costs to a fraction of what you’d typically pay when a client uses a credit card. This also makes ACH payments ideal for high-value transactions.

ACH 88

ACH Checks Identity Theft Payments 88

Stax

OCTOBER 14, 2024

Keep an eye out for hidden fees that may not be immediately apparent, like setup fees, monthly maintenance fees, PCI compliance fees, or chargeback fees. Verify that the provider is PCI-DSS compliant to ensure that your customers’ data is protected according to industry standards. for keyed-in transactions.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88

EBizCharge

AUGUST 30, 2024

Hidden and additional fees to watch out for Aside from standard fees, merchants should be vigilant about hidden and additional fees that payment processors may charge, including termination fees, PCI compliance fees, chargeback fees, and monthly minimum fees. However, there are ways they can avoid some of those costs.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Exact Payments

JULY 12, 2024

PCI fees Most merchant services providers charge a fee for assisting with Payment Card Industry Data Security Standard (PCI DSS) compliance. They also assess non-compliance fees should the merchant fall out of compliance. The split amount is typically negotiable during the initial sales stage.

Assessments 52

Assessments Credit Cards PCI DSS Transactions 52

Evolve Payment

NOVEMBER 21, 2022

Payment Card Industry (PCI) Compliance PCI compliance, also known as the Payment Card Industry Data Security Standard, or PCI-DSS for short, is a standard that the major credit card brands established to protect the industry from hacks, breaches, and exposed customer data. Is your business PCI compliant?

Process 52

Process Processors Credit Cards PCI DSS 52

EBizCharge

MAY 2, 2024

Methods such as passing the cost to customers as a credit card surcharge or implementing a cash discount system are standard. While free credit card processing for businesses may sound appealing, it’s imperative to ensure compliance with payment network rules and local laws and to evaluate how it may affect customer experience.

Credit Cards 52

Credit Cards Process Processors Legal 52

Stax

MAY 7, 2024

PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS). This regulation is managed by the Payment Card Industry Security Standards Council (PCI SSC) and is meant to protect the cardholder’s data.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

EBizCharge

JUNE 28, 2024

Credit card networks impose a cap on surcharges, typically restricting them to no more than the merchant’s cost to process credit card transactions or up to 3%, whichever is lower. Consequently, merchants cannot profit from these fees; their purpose is solely to cover processing costs.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Nanonets

AUGUST 21, 2023

And the benefits are not limited to cost savings, accuracy, and efficiency — B2B payment automation can also improve supplier relationships, ensure compliance, avoid fines and penalties, and provide critical insights into cash flow and financial health. With the median processing cost between $2.01

Automation 52

Automation B2B Payment APIs and Integration Payments 52

EBizCharge

MAY 14, 2024

These benefits include time efficiency, improved accuracy, enhanced customer service, scalability, cost savings, regulatory compliance, insights and analytics, and integration with other systems. This reduction in labor costs translates into direct savings for businesses, as fewer resources are required to manage billing operations.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

EBizCharge

MAY 13, 2024

Business owners and finance teams can use this data to make informed decisions, such as identifying trends in payment behavior and developing targeted strategies to address outstanding payments or to enhance the payment collection process. Cost savings: Shifting to an automated system can lead to substantial cost savings.

Automation 52

Automation Disputes Payments Process 52

Payment Savvy

JULY 12, 2024

PSPs like My Payment Savvy (MPS) prioritize data security through technologies like tokenization and compliance with PCI DSS (Payment Card Industry Data Security Standard) Level 1. While not entirely free, MPS provides affordable options, significantly reducing payment processing costs. Excellent customer support.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

Clearly Payments

JANUARY 16, 2024

Merchants should stay informed about any regulatory changes within their region and actively participate in industry discussions or advocacy groups to influence policies that may impact their costs. Meeting the required security standards can sometimes result in lower fees, as it demonstrates a commitment to protecting cardholder data.

PCI DSS 96

PCI DSS Debit Card Processors Credit Cards 96