Encryption, Processing Costs and Processors

PCI requirements and who needs to follow them

Basis Theory

OCTOBER 1, 2024

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

PCI DSS

PCI DSS Compliance Encryption Assessments

How to Accept Payments Online: Credit Cards, ACH, eChecks and more

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.

Credit Cards

Credit Cards ACH PCI DSS Payment Gateways

What Is Debit Card Processing & How Does It Work?

Payment Savvy

JULY 3, 2024

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

Debit Card

Debit Card Process PCI DSS Processors

Webinars

7 Essential Criteria for Choosing the Right Payments Partner

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

APRIL 18, 2024

For a merchant to accept credit cards, they need to pay both credit card processing fees to the banks involved and for the soft and hardware required to process cards. Typically, the merchant’s payment processing software will build the credit card processing rates into their fee. Card Network (e.g., per transaction.

Credit Cards

Credit Cards Process Online and Mobile Banking Processors

What’s the Best Payment Processor for Small Business?

Stax

OCTOBER 14, 2024

Hunting for a payment processor provider for your business shouldn’t be one of those things. Knowing what to look for and what to avoid can help take the fear out of finding the right payment processor , making the decision a lot easier. Understand the difficulties you may face with a processor’s pricing or support.

Processors

Processors Small Business Payment APIs and Integration Payments

What Is a Direct Debit?

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. Create a Mandate Form : Once you’ve chosen a payment processor, you must create a mandate form for your customers. Is Direct Debit Safe?

ACH

ACH Credit Cards ACH Network Authorization

Understanding No Fee Credit Card Processing: What Every Business Owner Should Know

EBizCharge

MAY 2, 2024

Every time a customer swipes or taps their card, the business typically incurs credit card processing fees. These can be a blend of interchange fees, transaction fees, and fees from credit card processors. With no fee credit card processing, these expenses are offset differently than when billed to the merchant.

Credit Cards

Credit Cards Process Processors Legal

Get a Healthy Bottom Line with Digital Payments

Payment Savvy

DECEMBER 14, 2021

This can be especially beneficial for any business, including high-risk merchants , looking at ways to speed up their payment processing. Cost Savings. This saves businesses money on materials, postage, printing, and storage costs. Labor costs may also be reduced as fewer employees are required to process payments.

Digital Payments

Digital Payments Credit Cards Payments Processors

What is a Payment Service Provider (PSP) and How Do They Work?

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)

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking

How to Streamline Your Businesses’ Cash Flow with Merchant Services

PayHawk

JUNE 9, 2023

Merchant service interchange plus fees are lower than traditional credit card processing fees. By choosing a merchant services provider like PayHawk, businesses can reduce their payment processing costs and reinvest those savings into other areas of their business. Start Saving Money! Fill this out to get yours today!

Debit Card

Debit Card Fraud Prevention Disputes Online and Mobile Banking

What is B2B Payments Processing and How Do You Implement It?

Stax

MARCH 14, 2024

On the merchant side, B2B cards come with lower processing rates if you qualify for level 2 and level 3 card processing. These levels require you to provide more transactional data and when implemented properly, you can lower your credit card processing costs significantly.

B2B

B2B Process B2C Credit Cards

What Are Integrated Payments

Exact Payments

JANUARY 14, 2024

Without an integrated payment system, SaaS companies, subscription businesses and other online merchants must build their checkout process from scratch or partner with a third-party merchant services or payment processor. They can also capture a share of the revenue generated from transactions processed within their platform.

Payment APIs and Integration

Payment APIs and Integration Payments CRM Embedded Finance

What Are Integrated Payments

Exact Payments

JANUARY 14, 2024

Without an integrated payment system, SaaS companies, subscription businesses and other online merchants must build their checkout process from scratch or partner with a third-party merchant services or payment processor. They can also capture a share of the revenue generated from transactions processed within their platform.

Payment APIs and Integration

Payment APIs and Integration Payments CRM Embedded Finance

What Is a Pass-Through Fee? Pricing Models and Why They’re Charged

EBizCharge

AUGUST 15, 2024

These fees are incurred by merchants for each transaction and are paid to the card-issuing banks as compensation for handling the credit risk and processing the payment. Pass-through fees are essential for merchants since they directly impact overall credit card processing costs. Who charges pass-through fees?

Processors

Processors Credit Cards Best Practices Volume

Paperless accounts payable: An implementation guide

Nanonets

NOVEMBER 15, 2023

Let's say you process 10,000 invoices monthly at $10 each. Now consider this: roughly a third of businesses surveyed were able to reduce invoice processing costs even more: a whopping 50%. It can integrate with your existing bank or payment processor to facilitate smooth and secure payments. Impressive, right?

Accounts

Accounts Payment APIs and Integration Audit Automation

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. It offsets the card processing costs, transferring the financial obligation to the latter.

Credit Cards

Credit Cards PCI DSS Compliance Process

What Is an ACH Payment Facilitator?

Stax

JANUARY 17, 2024

ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security. PayFacs typically partner with a payment processor or a bank to provide merchant services. Any breach can cause a big dent in your reputation.

ACH

ACH Facilitators ISVS Payment APIs and Integration

Payments Space

PCI requirements and who needs to follow them

How to Accept Payments Online: Credit Cards, ACH, eChecks and more

What Is Debit Card Processing & How Does It Work?

Webinars

Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

What’s the Best Payment Processor for Small Business?

What Is a Direct Debit?

Understanding No Fee Credit Card Processing: What Every Business Owner Should Know

Get a Healthy Bottom Line with Digital Payments

What is a Payment Service Provider (PSP) and How Do They Work?

How to Streamline Your Businesses’ Cash Flow with Merchant Services

What is B2B Payments Processing and How Do You Implement It?

What Are Integrated Payments

What Are Integrated Payments

What Is a Pass-Through Fee? Pricing Models and Why They’re Charged

Paperless accounts payable: An implementation guide

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

What Is an ACH Payment Facilitator?

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