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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

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.

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PCI requirements and who needs to follow them

Basis Theory

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. Don't, however, let the term "merchants" fool you.

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TESS Payments Obtains QCB PSP License With Strategic Assistance From Akurateco

Fintech Finance

Akurateco, a global payment software provider, announces that its Qatari partner, TESS Payments , has successfully secured a PSP License from Qatar Central Bank. This certification is a testament to the secure nature of Akurateco’s solutions, designed to meet industry standards.

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How Much Do Credit Card Companies Charge Merchants?

Stax

Credit cards provide a high level of convenience for consumers, increase the speed of transactions, and provide a secure pathway for funds. The added costs that come with every transaction can seriously affect profitability and make it difficult to understand running costs, especially when certain fees appear to sneak in without notice.

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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

As a business owner, the main advantage here is that you can start accepting card payments immediately with a shared merchant account, instead of going through a tedious account approval process. Most PSPs provide necessary hardware like POS systems, card readers, and checkout registers required to safely and securely accept card payments.

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How to Accept Payments Online: Credit Cards, ACH, eChecks and more

EBizCharge

Here are nine common forms of online payment methods used today: Credit: Many online consumers prefer to use credit cards for their purchases due to their convenience and security. Email pay: With email pay, customers are sent secure payment links via email to make payments from anywhere and on any device.

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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

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.

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