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APRIL 18, 2024

For a merchant to accept credit cards, they need to pay both credit card processing fees to the banks involved and for the soft and hardware required to process cards. Typically, the merchant’s payment processing software will build the credit card processing rates into their fee.

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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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MAY 7, 2024

For example, the interchange fees for online transactions may be higher due to the higher risk of credit card fraud. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. These fees also vary depending on the card network.

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NOVEMBER 15, 2023

Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards. These fees help cover the costs of processing the payment and maintaining the card network.

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MARCH 14, 2024

The amount per transaction is often quite significant and as a result, there’s typically quite a bit of negotiation that goes into determining payment amounts, terms, and cycles. Business to consumer (B2C), by comparison, relies on speedy payment processing to transact on the spot. What are the Most Common B2B Payment Methods?

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NOVEMBER 8, 2023

Businesses using CardX as their no fee payment processing platform can rest assured that all their compliance requirements have been automated, which saves them a lot of time and money. Card brands fix flat-rate assessment fees based on the monthly sales volume via credit and debit cards.

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FEBRUARY 28, 2024

Even if the consensus is out that it’s okay for merchants to not incur costly transaction fees if accepting credit card payments, it can be difficult to understand how to collect surcharge fees from your customers and retain your customer base. Q: Can you pass on credit card fees to customers?

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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.

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JANUARY 21, 2025

Opt for gateways that support diverse payment options like credit/debit cards, digital wallets, and international payments to accommodate customer preferences. Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions.

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NOVEMBER 14, 2024

They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. You also have to be mindful of the costs of credit card processing. Fees include (but aren’t limited to) transaction fees, interchange rates, PCI compliance, and more.

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MARCH 11, 2025

The merchant : this is you, the business owner, who receives the customers credit card details via your websites checkout page to be sent for processing. So, if you want to support this payment method, you must constantly stay aware of evolving regulations to ensure you are always on the right side of the law.

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