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Creditcards are incredibly convenient as a payment method. The modern-day merchant simply can’t afford not to accept them at their business. Unfortunately for them though, creditcardpayments come with a cost. billion in fees for accepting Mastercard and Visa creditcards in 2023.
This may be concerning for certain types of businesses as they need to spend more to processcredit and debit cardpayments as compared to cash. Moreover, you must watch out for hidden service fees and/or long-term contracts your provider may try to lock you into.
Finding great creditcardprocessing rates may seem impossible, but there’s hope. By following these simple tips, you’ll be able to secure creditcardprocessing rates that make big businesses jealous. Learn More TL;DR Not all creditcardprocessing companies are created equal.
Creditcards remain a favored way of making payments among customers. Purchase volumes through creditcards jumped 51% between 2015 and 2021. However, the idea of applying a creditcard surcharge to offset the processing cost of creditcards has always been a hotly debated topic.
Creditcards remain a favored way of making payments among customers. Purchase volumes through creditcards jumped 51% between 2015 and 2021. However, the idea of applying a creditcard surcharge to offset the processing cost of creditcards has always been a hotly debated topic.
Creditcards are incredibly popular, and it’s easy to see why: they’re convenient and accepted nearly everywhere. According to Forbes , 32% of consumers use it as their primary payment method. A creditcard surcharge is an additional fee charged by businesses that receive payment through creditcards.
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