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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

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Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments. For example, businesses with a history of chargebacks should implement strategies to reduce disputes. Contact us today. Request a Quote

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

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What is mobile credit card processing? Mobile credit card processing refers to the capability of accepting credit card payments using a mobile device equipped with a card reader and specialized software. Popular mobile payment solutions include Square, PayPal Here, and Shopify POS.

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

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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?

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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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Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

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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 credit card transactions. This makes it a popular choice for small businesses looking to set up credit card payments.

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Can You Decrease Credit Card Interchange Fees?

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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 accepts credit card payments.

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How to Successfully Implement a Credit Card Surcharge Program In Your Business

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Passing credit card fees onto customers has been hotly debated , but most of the country has agreed: Credit card surcharge should be available to merchants. Like surcharging, credit card companies and state laws determine which businesses, in which states, can apply convenience fees.