article thumbnail

Deep Dive: How Payments Orchestration Can Drive ROI And Reduce Payments Processing Costs

PYMNTS

Covering the cost of payments processing is an unavoidable expense, but many businesses can find themselves paying more than necessary. Doing so can help businesses process transactions at the lowest available price and enjoy more ROI from the gateways they have already integrated.

article thumbnail

Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

To accept electronic payment methods fast and securely, you need a payment gateway. Instead of juggling through different types of payment processors and platforms, a payment gateway allows you to accept multiple payment methods at once. But not every gateway is the best payment gateway for your business.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Magento Credit Card Processing: Set Up and Finding the Right Payment Gateway

EBizCharge

Your business can set up Magento credit card processing by following three steps: Choose a payment gateway Install and configure the payment gateway in Magento Test the Magento payment gateway integration 1. Run tests with multiple card types and consider the different checkout scenarios your customers might experience.

article thumbnail

7 Reasons Why Your Small Business Should Accept Credit Cards

Synapse Payment Systems

Processing fees eat into your revenue, but the reality is not as bad as some business owners may fear. The good news is that it’s easy to start accepting credit cards with a merchant account and payment gateway. The biggest drawback is that these payment gateways have high processing costs on every transaction.

article thumbnail

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

Stax

The payment gateway connection will be responsible for transmitting your customer’s payment information between your own customer-facing platforms and your PSP and other relevant financial institutions. Basically, the difference between payment gateways and PSPs is the extent of tasks they complete.

article thumbnail

How Much Do Credit Card Companies Charge Merchants?

Stax

Viewing these costs individually makes it easier to understand what is contributing to your credit card processing costs and where you may be able to save money. Additional fees As well as the credit card fees mentioned above, there are a range of other fees that contribute to credit card processing costs for business owners.

article thumbnail

Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

Stax

Interchange fees are simply a cost of doing business. Understanding the concept of interchange fees is crucial for businesses looking to optimize their payment processing costs. At the end of the day, how much you’re paying for credit card processing relies on your payment solutions provider. How Much Do You Pay?