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commercetools’ New Payment Hub Puts Enterprises in Charge of Payment Strategy and Costs

Fintech Finance

commercetools, the most versatile platform for enterprise commerce innovation, has introduced commercetools Payment Hub , a new destination that gives enterprises full control over their payment strategy–without the excessive fees charged by other commerce platforms that double as payment providers.

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How are Interchange Fees Calculated?

Stax

How Businesses Can Manage and Reduce Interchange Fees Interchange fees can often make up about 90% of your credit and debit card transaction processing costs. According to data released by CMSPI , businesses ended up paying more than $220 billion in card processing fees in 2023. Contact us

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Pelago Partners With Primer to Deliver Payments Innovation for the Global Traveller

Fintech Finance

Primer , the unified infrastructure for global payments, and Pelago , the travel experiences arm of Singapore Airlines Group, have forged a partnership allowing Pelago to elevate its payments strategy and meet the payment preferences of travellers worldwide.

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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

They share several key characteristics, including: Cost-effective and reliable digital transactions ACH and EFT both enable direct bank-to-bank transfers, reducing the costs and security issues associated with cash and checks. This makes it easy for businesses to track payments and resolve potential disputes. Contact us

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The Top Payment Methods For Small Businesses

Stax

For SaaS businesses that often use a subscription-based model, direct debit payments, card payments, ACH transfers, and possibly cryptocurrency payments should be considered. Be sure to evaluate the fees associated with each payment method to narrow down the payment options that wont be a burden to your finances.

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The Benefits and Risks of Surcharging for Automotive Dealerships | PayJunction

PayJunction

Managing operational costs is more critical than ever in today's competitive automotive industry. One often-overlooked opportunity for dealerships lies in surcharginga payment strategy that allows businesses to offset credit card fees and processing costs by passing them on to customers.

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Why Most Merchants Overpay in Payment Processing

Clearly Payments

These hidden fees can quickly accumulate, significantly increasing the overall cost of payment processing for merchants. Pricing Models and Their Impact The pricing model chosen by a merchant greatly influences their payment processing costs.

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