PYMNTS

OCTOBER 30, 2020

Covering the cost of payments processing is an unavoidable expense, but many businesses can find themselves paying more than necessary. Negotiating favorable terms can be a time-intensive undertaking, but it plays a major role in determining businesses’ payments processing costs.

Processing Costs 93

Processing Costs Process Payment Gateways Gateways 93

Payment Savvy

JULY 3, 2024

Once the card is swiped, tapped, or details entered, the merchant’s POS system or payment gateway captures the transaction details. Merchants must be prepared to handle chargebacks and provide evidence to support the legitimacy of the transaction to avoid losing funds.

Debit Card 52

Debit Card Process PCI DSS Processors 52

National Merchants Association

AUGUST 10, 2022

Businesses require merchant accounts to process credit and debit card transactions. For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. Contrary to how it sounds, “high-risk” isn’t necessarily bad.

Risk 52

Risk Process Accounts Credit Cards 52

National Merchants Association

AUGUST 10, 2022

Businesses require merchant accounts to process credit and debit card transactions. For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. Contrary to how it sounds, “high-risk” isn’t necessarily bad.

Risk 52

Risk Process Accounts Credit Cards 52

National Merchants Association

AUGUST 10, 2022

Businesses require merchant accounts to process credit and debit card transactions. For example, a bank or credit card processing service provider might consider a business high-risk due to increased regulations or potential monetary loss. Contrary to how it sounds, “high-risk” isn’t necessarily bad.

Risk 52

Risk Process Accounts Credit Cards 52

PYMNTS

OCTOBER 29, 2020

The trouble for businesses is that with this increase in digital transaction volumes comes the need to better manage payments processing. The absence of payments orchestration would require firms to expend more time and resources than most businesses’ finance departments could handle.

Process 43

Process Payment APIs and Integration Payment Service Provider (PSP) API 43

Stax

JANUARY 10, 2024

The merchant service providers that a business is using to handle credit card payments play a key role in determining the size and structure of credit card fees. By facilitating credit card transactions, merchant service providers act as intermediaries between credit card companies and the issuing banks.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

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 88

Credit Cards PCI DSS Compliance Process 88

Stax

NOVEMBER 15, 2023

They significantly impact the cost of accepting card payments. Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards.

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Stax

JANUARY 17, 2024

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

ACH Facilitators ISVS Payment APIs and Integration 88