Stax

JANUARY 24, 2024

Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing credit card payments. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. What Is a Credit Card Surcharge?

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88

Stax

JANUARY 24, 2024

Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing credit card payments. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. The rate varies between 1.3

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88

Stax

MAY 7, 2024

These fees also vary depending on the card network. Processor markup These are fees charged by the payment processor, which is the company that manages and facilitates credit card transactions. These equipment often have setup fees, ranging between $0 and $2,000, and sometimes monthly fees from the payment processor.

Merchant Services 88

Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Stax

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.

Merchant Services 88

Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

JULY 5, 2024

In-store personnel, especially those at points-of-sale, should be educated on cash discounting and surcharging, so they handle customer queries better and resolve payment issues faster. Hence, the regular price is the “cash price” and a surcharge fee is added at the POS if customers pay with credit cards.

Merchant Services 68

Merchant Services Payment Methods Point of Sale Payment Services 68

Stax

NOVEMBER 8, 2023

This may be concerning for certain types of businesses as they need to spend more to process credit and debit card payments as compared to cash. Assessment fee – Assessment fees are charged by credit card networks and make up a very small percentage (around 0.1%) of the overall processing fee.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

MARCH 14, 2024

These longer payment cycles have historically lent themself to slow payment processes, like checks, that are no longer common for B2C transactions Due to the complexity of most B2B transactions, there’s often more documentation required for the payment, such as contracts. What are the Most Common B2B Payment Methods?

Payment Services 88

Payment Services Merchant Services Payment Methods Payments 88

Stax

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. No, interchange fees are set by the credit card networks (e.g.,

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 22, 2024

At its core, payment processing involves various players and technologies to facilitate the movement of funds from customers to merchants securely and efficiently. Digital payments only take a few seconds, but they flow through many different layers of partners and technology. Q: What is considered a payment gateway?

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

SEPTEMBER 17, 2024

These include penalties, legal repurcussions, and the revocation of credit card processing privileges. PCI DSS stands for “Payment Card Industry Data Security Standards.” For many businesses, especially those operating eCommerce, the ability to accept credit card payments is crucial to their operations.

Payment Services 88

Payment Services Merchant Services Payment Methods compliance 88

Stax

FEBRUARY 28, 2024

Passing credit card fees onto customers has been hotly debated , but most of the country has agreed: Credit card surcharge should be available to merchants. Point of sale terminals are reprogrammed (or pre-programmed) to add the appropriate fee without manual input from merchants. You cannot do both.

Merchant Services 88

Merchant Services Payment Services Payment Methods Stax 88

Stax

APRIL 4, 2024

Credit cards are incredibly popular, and it’s easy to see why: they’re convenient and accepted nearly everywhere. According to Forbes , 32% of consumers use it as their primary payment method. This covers the costs of processing the payment, the risks involved, and also the chance of the payment being a fraud.

Merchant Services 68

Merchant Services Payment Methods Payments Payment Services 68

Stax

MAY 6, 2025

The process begins from the moment the customer makes a card payment to the point when the transaction is authorized and settled. How Do Businesses Accept Credit Cards? Some businesses choose a traditional payment solution to accept credit card payments, while others go with an integrated payment platform.

Accept Credit Card Payments 88

Accept Credit Card Payments Payment Services Merchant Services Payment Methods 88

Stax

MARCH 5, 2025

Heres everything you need to know about internet card payment processing and how it can help your business grow. TL;DR eCommerce solutions offer a range of benefits, including catering to a larger set of customers, maintaining brand consistency, and cutting down on your revenue cycle.

Payment Services 88

Payment Services Payment Methods Merchant Services Payments 88

Stax

NOVEMBER 21, 2024

Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. We have also put together a list of the top three best credit card processing platforms for small businesses.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 21, 2025

A payment gateway is a tool that allows merchants to authenticate and receive payments from their customers electronically. Its a digital evolution of the conventional point-of-sale (POS) terminal. A physical POS terminal requires customers to insert, swipe, or tap their cards on the machine.

Payment Methods 88

Payment Methods Payment Services Merchant Services Payment Solutions 88

Stax

NOVEMBER 14, 2024

Here’s a brief guide on the payment process and where each entity plays a role. Step 1: The customer purchases an item with a credit card. Step 2: The credit card is swiped, dipped, or tapped at a POS system or a credit card reader, where the card gets recognized for charging.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MARCH 11, 2025

They are popular with buyers under 35 years of age and must be part of the mobile payment methods you support if your target audience falls within that demographic. Popular digital wallet brands include Apple Pay, Google Pay, Samsung Wallet, PayPal Digital Wallet, and Venmo.

Payment Methods 88

Payment Methods Payment Services Merchant Services SaaS Payments 88