article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Credit card surcharging can help offset these expenses, but it can be tricky. Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. You offer flexible card payment options without incurring uncontrollably large fees.

article thumbnail

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

Stax

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Visa Interchange Rates 2024: What You Need to Know

Stax

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.

article thumbnail

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

Stax

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. The average PCI compliance fees vary depending on various factors, such as business specifications.

article thumbnail

Credit Card Surcharge Sign Wording and Template: How to Create Effective Notice for Your Surcharging Program

Stax

With many consumers opting for non-cash payment methods like contactless payments , businesses often have no choice but to accept credit card payments to attract and retain customers. Learn More What is Credit Card Surcharging? Carefully follow all legal and ethical requirements.

article thumbnail

Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

At its core, payment processing involves various players and technologies to facilitate the movement of funds from customers to merchants securely and efficiently. Digital payments only take a few seconds, but they flow through many different layers of partners and technology. That’s where a PayFac can step in.

article thumbnail

Can You Decrease Credit Card Interchange Fees?

Stax

They significantly impact the cost of accepting card payments. Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards.