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If your company acceptscreditcardpayments ( 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.
Many of our tips apply to how Stax works, with no contracts, surcharges, and optimized terminals that pair perfectly with our subscription pricing plans. FAQs about CreditCard Processing For Small Business Q: What is creditcard processing for small business? Q: How can I start taking creditcards for my business?
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 creditcard transactions. On top of that, the payment processing fee isn’t refunded with the payment amount, so merchants have to settle that cost.
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