Remove 2022 Remove Accept Credit Card Payments Remove Payment Features
article thumbnail

Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

Stax

With credit card transaction volume hitting over $9.5 trillion in the US in 2022, accepting card payments is no longer a question of whether to, but how to. These fees also vary depending on the card network. Is it worth it for small businesses to accept credit cards, considering the fees?

article thumbnail

Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

The parties involved in processing a credit card transaction: Cardholder: The individual or entity holding the credit card and initiating the transaction. Merchant: The business or entity selling goods or services and accepting credit card payments. E.g., that $0.10 fee for every transaction.

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Swipe fees have doubled in a decade and increased by 20% since 2022. Credit card surcharging can help offset these expenses, but it can be tricky. The PCI Security Standards Council (PCI SSC) has robust measures to protect cardholder information and prevent unauthorized access, fraud, and data breaches. No surprise there.