Stax

MARCH 11, 2025

Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Stax

APRIL 10, 2025

Step 3: Calculate transaction fees and other associated processing costs Your choice of payment methods shouldnt come with too much overhead costs that they stifle your business. 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.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

Stax

AUGUST 29, 2024

Compliance and security Your PSP is responsible for ensuring that sensitive customer financial data is securely encrypted and stored according to the standards and regulations of the industry, such as PCI DSS (Payment Card Industry Data Security Standard).

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

Clearly Payments

JULY 11, 2024

PCI Compliance Fees: Fees for maintaining compliance with Payment Card Industry Data Security Standards (PCI DSS). Batch Fees: Charges for processing a batch of transactions at the end of the day. These hidden fees can quickly accumulate, significantly increasing the overall cost of payment processing for merchants.

Process 52

Process PCI DSS Processors Non-Bank 52

Stax

MARCH 14, 2024

On the merchant side, B2B cards come with lower processing rates if you qualify for level 2 and level 3 card processing. These levels require you to provide more transactional data and when implemented properly, you can lower your credit card processing costs significantly.

B2B 88

B2B Process B2C Credit Cards 88

Payment Savvy

JULY 12, 2024

Mobile and Digital Wallets Digital wallets like PayPal, Apple Pay, and Google Pay simplify online transactions by securely storing payment information. PSPs like My Payment Savvy (MPS) prioritize data security through technologies like tokenization and compliance with PCI DSS (Payment Card Industry Data Security Standard) Level 1.

Debit Card 52

Debit Card Online and Mobile Banking Zelle Payments 52

Segpay

MARCH 6, 2025

Key factors to consider include: Transaction Fees: Compare processing costs, including per-transaction fees and potential hidden charges, to ensure profitability. Setting Up Billing Cycles A well-defined billing schedule ensures payments are processed at the correct intervals, whether monthly, quarterly, or annually.

Process 40

Process Payment APIs and Integration Payments Gateways 40