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

Stax

In this post: What are interchange fees? How much does interchange cost? Visa interchange fees Mastercard interchange fees Discover interchange fees American Express interchange (OptBlue) What is the total cost of accepting credit cards? Interchange fees are simply a cost of doing business.

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HitPay Unveils Single Switch for Cross-Border Payments, Providing Access to 10 Global Real-Time Payment Schemes With Unmatched Flexibility and Cost Savings for Businesses

Fintech Finance

The rise of non-card payment methods — such as digital wallets, bank transfers, and QR-based payments — underscores the need for businesses to adopt flexible, low-cost solutions to stay competitive. As non-card payment methods gain rapid traction, over 50% of digital commerce volumes in APAC now come from non-card methods.

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Barclays Completes ‘Ring-Fencing’ Overhaul In Post-Crisis Reforms

PYMNTS

banking group Barclays announced the completion of its “ring-fencing” project, an overhaul of the financial institution’s structuring to prevent some of the scenarios that occurred in the wake of the financial crisis. banks starting Jan. For Barclays, the process cost nearly $1.4 reports said. economy.”.

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Plaid Introduces Pay-by-Bank for Billpay

Finovate

Plaid has launched a pay-by-bank tool for bill payments in the U.S., allowing consumers to securely pay bills directly from their bank account without manually entering their account details. The tool provides offers billers cost savings and lower risk with fewer returned payments through its risk engine, Signal.

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What Is a Convenience Fee & Should You Charge It?

Payment Savvy

A convenience fee is an additional charge added to a customer’s bill when they use a non-standard payment method. Essentially, it’s a way for businesses to offset the cost of processing these alternative payment methods while still providing a convenient option for customers.

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Stay Aware and Protect Against Hidden Charges

Segpay

Key Takeaways √ Hidden charges in payment processing can dig into and erode your bottom line. Merchants can implement several best practices to avoid surprise processing costs. 5 minute read Hidden charges in payment processing can seriously impact any merchant’s bottom-line revenues.

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How to Select the Best Payment Terminal for Your Business

Stax

Also called a credit card terminal, it’s a device that businesses use to accept non-cash payment methods like credit and debit card transactions, as well as contactless payments through a mobile wallet. At Stax, we do things differently and offer subscription-based pricing with access to direct cost processing, and no hidden fees.