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Tap to Pay: What It Is and How It Works

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Apple Pay caught up in 2014; in 2015, the wearables market made everyone aware of the tap’s potential. In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards. However, subscription pricing may seem high for businesses with a low transaction rate.

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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

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EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The chip does not affect the price of processing payments. Final words At Stax, we’re all about helping merchants implement robust payment security that go above and beyond security standards.

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No Fee Payment Processing: Everything You Need to Know

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This figure used to be 24% in 2015 which makes it evidently clear that card usage is on the rise. While some of these are unavoidable, businesses need to research various fees and pricing models (e.g., flat-rate, tiered, or interchange-plus pricing) before choosing a credit card processor as these may vary across different processors.

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What Is a Credit Card Surcharge?

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Purchase volumes through credit cards jumped 51% between 2015 and 2021. Surcharge vs Cash Discount When customers pay with cash, some merchants may offer a price reduction which is called a cash discount. While, in case of a surcharge, the customer pays more than the listed price.

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What Is a Credit Card Surcharge?

Stax

Purchase volumes through credit cards jumped 51% between 2015 and 2021. Surcharge vs Cash Discount When customers pay with cash, some merchants may offer a price reduction which is called a cash discount. While, in case of a surcharge, the customer pays more than the listed price.