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The parties involved in processing a creditcard transaction: Cardholder: The individual or entity holding the creditcard and initiating the transaction. Merchant: The business or entity selling goods or services and acceptingcreditcardpayments. to 2.54% + $0.10 Mastercard : 1.29% + $0.05
Did you know that in 2021, merchants ended up paying a whopping $105 billion in creditcard processing fees? Even though they’re one of the most popular payment options today, acceptingcreditcards at your business can turn out to be a significant expense. before you can start surcharging.
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.
CardX, which was acquired by Stax in 2021, has an automated surcharging platform. Businesses using CardX as their no percentage fee payment processing platform can rest assured that all their compliance requirements have been automated, which saves them a lot of time and money.
Massive untapped market opportunity Even after a downturn in 2021, the total market capitalization for cryptocurrency fluctuates between $1 and $2 trillion. Among its users are millions of holders who actively seek businesses that accept cryptocurrency payments. Companies can start accepting crypto payments in less than a week.
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