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Everything You Need to Know About Credit Card Processing

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Cardholder: The customer who owns the credit card being used for purchase. Card Association: Visa, Mastercard, American Express, and Discover. These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks.

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Visa Interchange Rates 2024: What You Need to Know

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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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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

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The PCI Security Standards Council (PCI SSC) has robust measures to protect cardholder information and prevent unauthorized access, fraud, and data breaches. It’s mandatory for all merchants and service providers that accept credit card payments. Q: What regulations apply to payment processors?

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

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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. Credit card surcharging is legal in most U.S. Surcharging is governed by certain rules and regulations.