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

Stax

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. One of the most famous data breaches happened to Target in 2013. Request a custom quote to see how Stax Pay can work for you.

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What Is a Credit Card Surcharge?

Stax

Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing credit card payments. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. in most US states.

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article thumbnail

What Is a Credit Card Surcharge?

Stax

Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing credit card payments. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. in most US states.

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No Fee Payment Processing: Everything You Need to Know

Stax

On the other hand, businesses wanted the option to surcharge to be able to offset some of the exorbitant fees they were being charged by card networks. In fact, the first ban on surcharging was placed in 1974 but through various lengthy litigations, since 2013, surcharging bans have been dropping across the United States.

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Credit Card Surcharges: What Are They and Are They Legal?

Stax

Credit cards are incredibly popular, and it’s easy to see why: they’re convenient and accepted nearly everywhere. According to Forbes , 32% of consumers use it as their primary payment method. Jeffrey adds, “ Of course, when our clients still have reasons to opt for credit cards, CardX by Stax.