Payment Savvy

JULY 3, 2024

When a customer uses their debit card, several parties are involved in processing the transaction: the bank that issued the debit card (issuing bank), the bank that provides the business with card processing services (acquiring bank), and the payment processor. Who’s Charging Debit Card Processing Fees?

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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. Negotiate with Your Credit Card Processor This is probably the simplest and most impactful way to reduce your fees. Why Consider Switching Processors?

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Clearly Payments

AUGUST 14, 2024

Asia-Pacific Payment Processing Fees In the Asia-Pacific region, the average payment processing fee a merchant pays generally ranges from 1% to 3% of the transaction amount. In contrast, emerging markets within the region may see higher fees, closer to 2% to 3%, particularly for credit card transactions.

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Payment Savvy

OCTOBER 8, 2024

For Businesses: If you’re a business looking to collect payments via direct debit, the setup process involves working with a payment processor or bank to handle the transactions on your behalf. Providers like Payment Savvy offer a streamlined way to set up and manage direct debit payments for your business.

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Stax

MARCH 14, 2024

If a customer uses a chip and PIN debit card, it may be less expensive than if they use a chip and signature card. This is due to the fact that PIN debit processing costs are often lower than credit card processing costs. Do I Need a Special Payment Processor for EMV Chips?

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EBizCharge

MAY 8, 2024

These fees cover the costs of moving funds securely and efficiently through the ACH network. ACH credit vs. ACH debit ACH transactions come in two main varieties: ACH credit transactions and ACH debit transactions. flat fee whether it processes a $100 or a $10,000 transaction.

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Payment Savvy

JULY 12, 2024

When a customer pays for a product or service with a credit card, the payment processor manages the transaction from the customer’s bank to your merchant account. Why Free Payment Processing? Payment processing fees can pile up fast, especially for small businesses. Pros: Competitive rates and low transaction fees.

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