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Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?

Stax

For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Merchants paid a record $172 billion in payment processing fees in 2023. Merchants can, however, negotiate with their payment processor to cut costs, tweak pricing, or secure better rates.

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Quicken vs QuickBooks: Which is Best for Small Businesses?

Stax

Research shows that 64% of small businesses use accounting software and the market for accounting software solutions is projected to be worth $4.3billion by 2023. Learn More Stax offers the lowest cost of accepting credit cards among all merchant account providers. It offers four pricing plans including: Starter : $35.99/yr

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How are Interchange Fees Calculated?

Stax

In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Payment processors usually tack on additional fees on top of interchange to compensate for their services (based on their pricing model ). Even for low-risk cards (e.g., per transaction.

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Stax Celebrates 10 Years: Looking Back at a Decade of Growth and Payment Innovations

Stax

To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?

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Credit Card Surcharge Guidance: A State-by-State Overview of Surcharging Laws

Stax

billion in fees for accepting Mastercard and Visa credit cards in 2023. This is where partnering with a payment processing provider like CardX by Stax can be especially useful. If a merchant is to implement a credit card surcharge program , they must incorporate credit card fees into the listed price of products.

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Small Business Saturday Success Tips for 2023

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Create packages of complementary products at a discounted price to offer value and convenience. E.g., a “Family Movie Night Bundle” that includes a DVD, popcorn, and candy at a reduced price. This November 2023, implement the 8 tips above to thrive during the holiday season and be one of the neighborhood champions. Bundle deals.

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What is a Payment Processing System and How Does It Work?

Stax

On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. Common payment structures adopted by providers include flat rate, interchange-plus, and subscription-based pricing. However, also compare different payment service providers and their pricing models before settling for one.