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Instead, it passes on the low wholesale interchange fees charged by credit card companies directly to merchants for a small recurring fee. Stax’s smart terminals and mobilepayment solutions are fully customizable to cater to unique business needs. Features: Faster, reliable, and securepayments through smart terminals.
You need the services of a reliable payment service provider to securely accept and process card payments and the right provider for you will be one that supports your preferred payment methods, sales model (one-time payments or subscriptions), and geographical reach (international sales).
Processing fees : it is paid to your payment processor as compensation for the resources used to facilitate the transfer of information and funds on your behalf. Online transactions come with greater fraud risk and usually attract higher processing fees to compensate your PSP for the increased risk it is taking on your behalf.
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