Payment Savvy

JULY 3, 2024

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Consumer Payment Choice, an impressive 85% of adults in the United States use them as a payment method. What Is Debit Card Processing?

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

MARCH 14, 2024

Currently, in the United States, most credit cards are chip and signature, while most debit cards are chip and PIN. Like magnetic strip credit cards, you sign for a purchase when using a chip credit card. When using a chip debit card, you enter a PIN just as you did with your magnetic strip debit card.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

Stax

FEBRUARY 28, 2024

TL;DR Surcharging allows merchants to pass on credit card fees. Customers who want to use their credit card have to pay an additional fee covering the processing costs. For anyone new to the term, surcharging is a payment processing option allowing merchants to pass on credit card fees.

Credit Cards 88

Credit Cards Debit Card Legal Laws 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. Let’s take a look at some payment terminal options and the types of businesses that best match their features. They can also take contactless payments from mobile wallets.

Credit Cards 88

Credit Cards Debit Card EMV CHIPS 88

Stax

APRIL 18, 2024

Accepting credit card transactions is no longer a decision of whether to but rather how to. With cashless now BEING king, credit and debit cards are the primary method for your customers to make payments. of consumer payments came through card payments. Pre-pandemic, 62.3% per transaction.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Stax

APRIL 2, 2024

While some businesses have accepted swipe fees as a way of life, small business owners may struggle with remaining profitable while also providing a range of payment options. Basically, surcharging is a way for merchants to pass on swipe/credit card fees on to their customers (which can include fees like interchange fees and assessment fees).

Credit Cards 88

Credit Cards Best Practices Legal Compliance 88

EBizCharge

AUGUST 30, 2024

The type of card used The fees charged for credit card transactions depend on the customer’s card type. Cards are generally categorized into various tiers by credit card networks, and each tier has its own set of interchange rates. However, there are ways they can avoid some of those costs.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52