Fintech Finance

AUGUST 5, 2024

Additionally, Akurateco facilitated TESS Payments’ obtaining the Payment Card Industry Data Security Standard (PCI DSS) certification, further cementing their commitment to maintaining high-security standards. These allow Akurateco’s clients to optimize payment processing costs and improve transaction approval ratios.

PCI DSS 52

PCI DSS Central Bank Alternative Payment Methods Payments 52

Stax

FEBRUARY 19, 2025

Expertise in payment security & compliance Processing payments, like all financial transactions, comes with numerous security and compliance concerns. SaaS companies must adhere to industry standards such as PCI DSS to ensure customer transactions are safe.

Payments 88

Payments PCI DSS Compliance Risk 88

Clearly Payments

FEBRUARY 7, 2024

Payment Processing Costs Payment processing costs encompass various fees and expenses associated with processing transactions, including interchange fees, processing fees, and chargeback fees. Monitoring payment processing costs is essential for managing expenses and optimizing profitability.

Process 98

Process PCI DSS Processing Costs Settlement 98

Clearly Payments

JANUARY 16, 2024

Merchants should stay informed about any regulatory changes within their region and actively participate in industry discussions or advocacy groups to influence policies that may impact their costs. Meeting the required security standards can sometimes result in lower fees, as it demonstrates a commitment to protecting cardholder data.

PCI DSS 105

PCI DSS Debit Card Processors Credit Cards 105

EBizCharge

FEBRUARY 24, 2025

Processing costs and fees should also be evaluated, as different payment methods vary in transaction fees. Businesses must ensure their chosen option complies with Payment Card Industry Data Security Standards (PCI DSS) and other regulatory requirements, particularly when handling sensitive financial data.

Payment Gateways 52

Payment Gateways Gateways Electronic Funds Transfer (EFT) Wire Transfer 52

PYMNTS

MARCH 29, 2017

Benefits to customers include lower processing costs with a direct processor connection and no gateway fee, reduced PCI DSS scope and support for business-to-business Level II and Level III card processing, which allows organizations to qualify for lower interchange rates.”.

PCI DSS 40

PCI DSS ISVS Debit Card Gateways 40

Stax

JANUARY 10, 2024

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.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 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

Payment Savvy

JULY 3, 2024

PCI DSS Compliance This is the cornerstone of debit card security. The Payment Card Industry Data Security Standard (PCI DSS) outlines a set of comprehensive security requirements for merchants and payment processors. Faster transaction processing can improve your cash flow and financial management.

Debit Card 52

Debit Card Process PCI DSS Processors 52

EBizCharge

MARCH 12, 2024

ACH/eChecks tend to accrue lower fees because they bypass credit card networks by using the ACH network, which applies batch processing to reduce individual transactions, resulting in lower administrative and processing costs for financial institutions. How can I accept digital payments?

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

EBizCharge

MAY 20, 2024

The saved card feature follows Payment Card Industry Data Security Standards (PCI DSS) to ensure data security while offering a convenient option for customers who prefer to use the same payment method for recurring transactions. What support options are available for NetSuite payment processing?

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

Stax

FEBRUARY 15, 2024

In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance. The ISV has little control over the end user’s payment experience or the processing costs. The ISV has little control over the end user’s payment experience or the processing costs.

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

Segpay

MARCH 10, 2025

A gaming payment gateway encrypts financial data, prevents fraud, and ensures compliance with security standards like PCI DSS, giving users peace of mind while making deposits and withdrawals. Solution with Segpay: Built-In Compliance Tools Segpay is a fully PCI DSS Level 1-compliant payment processor, ensuring secure transactions.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

Segpay

FEBRUARY 28, 2024

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.

Processors 52

Processors IRS Push-to-Card 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

Stax

NOVEMBER 11, 2024

When you’re selling products or services that cost thousands of dollars, you end up paying hundreds of dollars in credit card fees. Using ACH payments reduces your processing costs to a fraction of what you’d typically pay when a client uses a credit card. This also makes ACH payments ideal for high-value transactions.

ACH 88

ACH Checks Identity Theft Payments 88

Exact Payments

JULY 12, 2024

PCI fees Most merchant services providers charge a fee for assisting with Payment Card Industry Data Security Standard (PCI DSS) compliance. In terms of the pricing structure for your clients, using the interchange plus model, your clients will pay the actual cost of the transaction plus any markup you add.

Assessments 52

Assessments Credit Cards PCI DSS Transactions 52

EBizCharge

AUGUST 30, 2024

Similarly, the size of your business and the volume of credit card transactions you process can influence merchant service providers to offer volume discounts or more favorable terms, lowering overall processing costs. However, there are ways they can avoid some of those costs.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Stax

MAY 7, 2024

PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS). This regulation is managed by the Payment Card Industry Security Standards Council (PCI SSC) and is meant to protect the cardholder’s data. For example, 2.1% + $0.10

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

EBizCharge

MAY 2, 2024

When customers pay with their credit cards, surcharging applies an additional fee that covers the specific cost associated with that transaction type. The surcharge cannot exceed the payment processing cost or legal limits set by state laws. This might mean slightly higher prices, with the processing costs factored in.

Credit Cards 52

Credit Cards Process Processors Legal 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

EBizCharge

JUNE 28, 2024

Credit card networks impose a cap on surcharges, typically restricting them to no more than the merchant’s cost to process credit card transactions or up to 3%, whichever is lower. Consequently, merchants cannot profit from these fees; their purpose is solely to cover processing costs.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Evolve Payment

NOVEMBER 21, 2022

Payment Card Industry (PCI) Compliance PCI compliance, also known as the Payment Card Industry Data Security Standard, or PCI-DSS for short, is a standard that the major credit card brands established to protect the industry from hacks, breaches, and exposed customer data. Is your business PCI compliant?

Process 52

Process Processors Credit Cards PCI DSS 52

Payment Savvy

JULY 12, 2024

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. While not entirely free, MPS provides affordable options, significantly reducing payment processing costs. Excellent customer support.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

EBizCharge

MAY 13, 2024

Business owners and finance teams can use this data to make informed decisions, such as identifying trends in payment behavior and developing targeted strategies to address outstanding payments or to enhance the payment collection process. Cost savings: Shifting to an automated system can lead to substantial cost savings.

Automation 52

Automation Disputes Payments Process 52

Nanonets

AUGUST 21, 2023

Cost savings A recent report revealed that almost 92% of businesses use checks for payments. With the median processing cost between $2.01 and $4 , processing each check manually can be very expensive for companies.  Here are some compelling reasons to consider implementing B2B payment automation: 1.

Automation 52

Automation B2B Payment APIs and Integration Payments 52

EBizCharge

MAY 14, 2024

This flexibility enables businesses to scale their billing operations seamlessly and cost-effectively, ensuring they can continue to meet the needs of their growing customer base without experiencing bottlenecks or disruptions in their billing processes.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Fi911

FEBRUARY 12, 2025

Implementing this strategy effectively means the merchant is most likely to finalize transactions at the lowest possible processing cost. Compliance with industry norms like PCI DSS standards, having robust fraud detection algorithms, and a merchant’s choice of PSPs enhances the security level.

PCI DSS 59

PCI DSS Processors Payments Gateways 59

Stax

OCTOBER 14, 2024

Verify that the provider is PCI-DSS compliant to ensure that your customers’ data is protected according to industry standards. So while it may be simple, it typically results in higher overall processing costs for most established businesses.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88