Stax

SEPTEMBER 12, 2024

Learn More What’s a Payment Terminal? Also called a credit card terminal, it’s a device that businesses use to accept non-cash payment methods like credit and debit card transactions, as well as contactless payments through a mobile wallet.

Payment APIs and Integration 88

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

EBizCharge

MARCH 12, 2024

Receiving payments rapidly can be particularly beneficial for small businesses needing access to funds to cover expenses or invest in growth opportunities. Online payment gateways: Online payment gateways act as intermediaries between merchants and financial institutions. How do you accept payments on websites?

Credit Cards 52

Credit Cards ACH PCI DSS Payment Gateways 52

Stax

MAY 7, 2024

Processor markup These are fees charged by the payment processor, which is the company that manages and facilitates credit card transactions. This company accepts credit card payments and sends them to the payment network, either through an online payment gateway or a physical card reader.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Stax

SEPTEMBER 24, 2024

TL;DR A cash discount program is when a business offers its customers incentives to pay using cash for a product or service instead of a credit or debit card. It’s meant to incentivize customers to pay using cash and reduce the costs associated with accepting electronic payment methods. More customers bring more profits.

Credit Cards 88

Credit Cards Electronic Fund Transfer Act (EFTA) Push-to-Card Debit Card 88

Finovate

OCTOBER 11, 2024

The partnership makes the bank the first Hong Kong-based customer of Worldline’s open platform card solution, Paysuite Essential Edition. Previously called “Cardlite,” the solution will enable BOCHK to enhance the customer experience with new offerings, including its multi-currency Mastercard debit card.

Multi-Currency 104

Multi-Currency Stablecoins Visa Cross-Border Payments 104

Stax

NOVEMBER 15, 2023

They significantly impact the cost of accepting card payments. Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards. for credit cards.

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Stax

NOVEMBER 11, 2024

Here, we’ll discuss the main differences between ACH and check payments and the business benefits of accepting this form of payment. TL:DR ACH Payments are essentially digital check payments. Or mobile wallet payment solutions like Google Pay and Apple Pay. With an average cost per transaction of $.29,

ACH 88

ACH Checks Identity Theft Payments 88

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? Credit card surcharging can help offset these expenses, but it can be tricky. TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Synapse Payment Systems

AUGUST 25, 2022

The interchange fee comprises two parts: A base rate that’s a percentage of the transaction (This fee ranges from 0.05% – 3.50% depending on the type of card used.) For example, interchange on a debit card may be 0.05% + $0.22 while on a credit card it could be 1.60% + $0.05.

Credit Cards 130

Credit Cards Transactions Processors Assessments 130

EBizCharge

MAY 20, 2024

Decoding NetSuite payment terms When diving into NetSuite payment processing, it’s essential to familiarize yourself with common terms. Payment gateway: NetSuite payment gateways act as digital conduits connecting a merchant’s payment system to the payment processing network.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

EBizCharge

NOVEMBER 12, 2024

A merchant application is a formal document a business owner must complete and submit to a merchant account provider to be able to accept and process customer credit and debit cards and electronic payments. Online and mobile payments usually incur higher fees due to increased fraud risk.

Online and Mobile Banking 52

Online and Mobile Banking Processors Debit Card Volume 52

Stax

NOVEMBER 14, 2024

Interchange rates vary based on the type of card you are running. The more expensive it is for the credit card company to maintain the card–rewards, cashback, perks–the more expensive the interchange. In other words, debit cards are more economical while business credit cards are typically the most expensive.

Credit Cards 88

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

Stax

OCTOBER 14, 2024

This integration may be pre-built by the payment processor, or may be available for your team to build on an API. Evaluate Security Measures Security is a critical factor in selecting a payment processor. So while it may be simple, it typically results in higher overall processing costs for most established businesses.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88

EBizCharge

JUNE 28, 2024

Card types The type of card used in a transaction can dictate whether a surcharge is permissible. Credit card (CC) surcharges are subject to different rules than those for debit cards. 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

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

National Merchants Association

AUGUST 10, 2022

Businesses require merchant accounts to process credit and debit card transactions. For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. Contrary to how it sounds, “high-risk” isn’t necessarily bad.

Risk 52

Risk Process Accounts Credit Cards 52

National Merchants Association

AUGUST 10, 2022

Businesses require merchant accounts to process credit and debit card transactions. For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. Contrary to how it sounds, “high-risk” isn’t necessarily bad.

Risk 52

Risk Process Accounts Credit Cards 52

National Merchants Association

AUGUST 10, 2022

Businesses require merchant accounts to process credit and debit card transactions. For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. Contrary to how it sounds, “high-risk” isn’t necessarily bad.

Risk 52

Risk Process Accounts Credit Cards 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

Clearly Payments

AUGUST 14, 2024

for credit cards and 0.2% for debit cards, European merchants generally benefit from lower fees compared to other regions, especially North America. However, additional costs such as acquiring bank fees, payment gateway fees, and cross-border transaction fees can influence the final amount a merchant pays.

Process 80

Process Credit Cards Alternative Payment Methods Debit Card 80

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. Purchase volumes through credit cards jumped 51% between 2015 and 2021. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic.

Credit Cards 88

Credit Cards Laws Legal Caps 88

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. Purchase volumes through credit cards jumped 51% between 2015 and 2021. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic.

Credit Cards 88

Credit Cards Laws Legal Caps 88