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

EBizCharge

FEBRUARY 24, 2025

Wire transfers: Wire transfers are a reliable method for large sums or international payments in NetSuite since they offer fast and secure transactions, making them ideal for businesses dealing with significant volumes. These transfers also help merchants maintain control over financial processes.

Payment Gateways 52

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

Clearly Payments

JANUARY 16, 2024

Here are key strategies that merchants can consider to reduce their interchange fees: Switch to a Lower Cost Payment Processor: Establishing a strong relationship with payment processors can be pivotal. While card network fees are non-negotiable, processors may be able to offer competitive rates and favorable terms.

PCI DSS 105

PCI DSS Debit Card Processors Credit Cards 105

Stax

JANUARY 10, 2024

This enables them to lower credit card fees for customers who meet certain criteria, such as transaction volume or secure payment history. 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.

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). Some PSPs even impose limits on transaction volume.

Payment Service Provider (PSP) 88

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

Clearly Payments

JULY 11, 2024

Common hidden fees include: Monthly Fees: Fixed charges applied regardless of transaction volume. 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. per transaction.

Process 52

Process PCI DSS Processors Non-Bank 52

Stax

MAY 7, 2024

With credit card transaction volume hitting over $9.5 billion in processing fees, which was a 16.7% PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS). When was the last time you withdrew cash from an ATM?

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

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

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

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. Whereas ACH payments typically accrue lower transaction fees.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

Segpay

MARCH 10, 2025

Key Features of a Gaming Payment Gateway Gaming payment gateways are designed to handle high-volume, real-time transactions while ensuring security, speed, and flexibility. 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

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

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

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

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. The sheer volume of rate categories and fees is quite extensive. online or over the phone) are inherently more risky and thus cost more than card-present transactions.

Assessments 52

Assessments Credit Cards PCI DSS Transactions 52

Stax

NOVEMBER 11, 2024

in payment volume growth in Q4 2021. 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. in Q4 2021.

ACH 88

ACH Checks Identity Theft Payments 88

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

Higher labor costs: Manual collection processes require significant manpower to perform tasks such as data entry, invoice generation, payment processing, and collections management. Limited scalability: When a business grows, transaction volumes typically increase.

Automation 52

Automation Disputes Payments Process 52

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

EBizCharge

MAY 14, 2024

By offering a more efficient and user-friendly billing process, businesses can enhance customer satisfaction and loyalty, fostering positive relationships with their clientele. The volume of invoices and payment processes. Consider the following: The complexity of your billing cycles. The variety of payment terms you offer.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 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.  As vendors and invoices pile up, manually processing them can be a bottleneck for growth. 

Automation 52

Automation B2B Payment APIs and Integration Payments 52

Stax

OCTOBER 14, 2024

Consider the average transaction size and volume your business handles, as some processors are better suited for larger transactions, while others are ideal for high-frequency, low-amount payments. Verify that the provider is PCI-DSS compliant to ensure that your customers’ data is protected according to industry standards.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88