Remove Funds Transfer Remove Payment Gateways Remove Processing Costs
article thumbnail

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

Stax

Unlike B2C, where most transactions are simply taken at the point of sale using a credit card, debit card, or mobile payments from digital wallets, the types of payments for B2B companies can differ. It’s popular with B2B businesses as it’s a contractual payment method, requiring both parties to complete paperwork.

B2B 88
article thumbnail

What Is Debit Card Processing & How Does It Work?

Payment Savvy

Consumer Payment Choice, an impressive 85% of adults in the United States use them as a payment method. As the preferred method for many, debit card transactions offer convenience, security, and immediate fund transfers, making them integral to modern commerce. This information is then sent securely to the acquiring bank.

article thumbnail

What is a Cash Discounting Program and How Does It Work?

Stax

It’s meant to incentivize customers to pay using cash and reduce the costs associated with accepting electronic payment methods. On the other hand, surcharging passes the processing cost to the customer. On the other hand, surcharging passes the processing cost to the customer.

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

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.

article thumbnail

Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Finovate

The wallet supports eight currencies — HKD, CNY, USD, JPY, SGD, EUR, GBP, and AUD — that are commonly used in the region, offers fund transfer via TT and CHATS, and provides competitive FX rates with a 0% fee. billion in funding, most recently closing a $1 billion Series D round in January 2022.

article thumbnail

What Is an ACH Payment Facilitator?

Stax

An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network. 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.

ACH 88