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JULY 30, 2024

billion in fees for accepting Mastercard and Visa credit cards in 2023. This was, in fact, the first time that swipe fees for these two card networks crossed $100 billion. In this article, we’ll explore the nitty-gritty of credit card surcharge guidance for merchants across the country.

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JANUARY 31, 2024

If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. Visa is one of the biggest payment networks in the world, with ~4.2B cards currently in use. So it’s virtually impossible for a business to not accept Visa cards.

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FastSpring

JANUARY 9, 2023

With Square, you can accept payments from your online store, in-person, or via social media. Beyond payment processing, Square also offers solutions for: Virtual terminals (so you can accept credit card payments using your computer). Organizing customer contacts.

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OCTOBER 21, 2024

Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide.

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APRIL 2, 2024

And with merchants expected to pay as much as $502 million extra after price hikes in 2023 and 2024, these fees are shooting up faster than the transaction amounts spent on purchases. At upwards of 3.15% plus ten cents in interchange fees, these extra fees cost a pretty penny.

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DECEMBER 13, 2023

Even though they’re one of the most popular payment options today, accepting credit cards at your business can turn out to be a significant expense. Fortunately, credit card surcharging is a good way to offset some—if not all—of the cost of accepting credit card payments.

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NOVEMBER 15, 2023

These fees help cover the costs of processing the payment and maintaining the card network. Interchange fees themselves are non-negotiable and they’re charged whenever a merchant accepts credit card payments. Q: How much do credit card interchange fees cost? for debit cards and 1.8%

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