article thumbnail

Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.

article thumbnail

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

Stax

Terminal or equipment fees – Small businesses often lease or purchase payment processing equipment, such as point-of-sale (POS) systems or credit card terminals. Some popular processors offering interchange plus pricing structures include Payment Depot, Stripe, and Helcim. Each of the tiers has its own pricing rate.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

Stax

Depending on the business type, merchant processing solutions are of two types: Point-of-sale (POS) systems POS systems are a popular payment collection system, with more than 93,300 companies using them in the US alone. In comparison, POS systems are ideal for businesses that operate from one single location.

article thumbnail

Best Merchant Services

Neil Patel

The Top 6 Merchant Services: Square Flagship Merchant Services Helcim Payment Depot Fattmerchant Stripe. Do they offer free POS systems, hardware, mobile payments, integrations, etc? Square is popular for its credit card processing and POS systems, but it offers much more. Helcim – The Best For Small Business.