Remove Accept Credit Card Payments Remove Education Remove Stax
article thumbnail

Credit Card Processing for Small Business: 9 Tips for Accepting Payments Securely and Cost-Effectively

Stax

Opt for flexible, month-to-month contracts without hidden fees for credit card processing to avoid being locked into unfavorable terms. Here are Stax’ Top Credit Card Processing Tips. Request a custom quote to see how Stax Pay can work for you. Q: What are credit card processing fees for small businesses?

article thumbnail

Visa Interchange Rates 2024: What You Need to Know

Stax

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can You Decrease Credit Card Interchange Fees?

Stax

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.

article thumbnail

The 12 PCI DSS Requirements to Ensure PCI Compliance

Stax

According to a report by the Federal Reserve Bank of San Francisco , credit card usage among Americans has been steadily increasing since 2016. In 2022, 31% of all payments were made using credit cards. This shows that businesses cannot ignore accepting credit card payments.

article thumbnail

What Merchants Should Know About Non Cash Adjustment Fees When Implementing Cash Discounts

Stax

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. Also, ample signage at the POS, store entrance, and in-store should let customers know they will pay extra if they use credit or debit cards.

article thumbnail

Credit Card Surcharges: What Are They and Are They Legal?

Stax

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. Jeffrey adds, “ Of course, when our clients still have reasons to opt for credit cards, CardX by Stax.

article thumbnail

Credit Card Processing for Small Business: Everything You Need to Know

Stax

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.