EBizCharge

DECEMBER 2, 2024

When used legally, the dual pricing approach can help businesses navigate the complexities of processing fees and empower consumers to make informed decisions at the point of sale (POS). Understanding dual pricing is crucial for merchants and consumers, as it can offer cost savings and valuable financial insights.

Process 52

Process Credit Cards Legal Point-of-Sale (POS) 52

Stax

MAY 7, 2024

Terminal or equipment fees – Small businesses often lease or purchase payment processing equipment, such as point-of-sale (POS) systems or credit card terminals. Chargeback fees – Sometimes, a customer opens a transaction dispute and seeks a refund of their payment. For example, 2.1% + $0.10

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

EBizCharge

JULY 25, 2024

These fees are intended to cover the cost associated with credit card processing fees, which merchants pay to credit card companies such as Visa, MasterCard, or American Express for each transaction. Traditionally, businesses absorb credit card processing costs, but with surcharging, they pass the fees directly to consumers.

Best Practices 52

Best Practices Credit Cards Compliance Debit Card 52

EBizCharge

JANUARY 6, 2025

For business owners, this practice isnt just a thoughtful nod to customersits a smart move to reduce payment processing costs and encourage more cash transactions. A key factor is displaying pricing policies to ensure transparency and avoid disputes. Have you noticed businesses offering lower prices for paying with cash?

Legal 52

Legal Adjustments Compliance Assessments 52

EBizCharge

MAY 2, 2024

When customers pay with their credit cards, surcharging applies an additional fee that covers the specific cost associated with that transaction type. The surcharge cannot exceed the payment processing cost or legal limits set by state laws. This might mean slightly higher prices, with the processing costs factored in.

Credit Cards 52

Credit Cards Process Processors Legal 52

Stax

OCTOBER 14, 2024

Ensure that the processor you choose can work seamlessly with your existing point-of-sale (POS) system, eCommerce platform, or accounting software. So while it may be simple, it typically results in higher overall processing costs for most established businesses. Dharma also can be used on Clover hardware.

Processors 88

Processors Small Business Payment APIs and Integration Payments 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