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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 acceptscreditcardpayments.
Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for acceptingcreditcardpayments. Invest in compliance: Stay informed about relevant regulations and ensure the business adheres to them. Contact us today. Request a Quote
That’s where Stax comes in. Revocation of CreditCard Processing Privileges If a business consistently fails to comply with PCI standards, the processor or acquiring bank may choose to terminate their merchant account. But here’s the good news: the right payments processor can help keep your cybersecurity ducks in a row.
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