article thumbnail

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

Stax

Here are Stax’ Top Credit Card Processing Tips. One of the most famous data breaches happened to Target in 2013. Optimize your credit card processing speeds Slow transactions are, at best, an annoyance to customers, and at worst, result in lost sales, especially online. It’s best to avoid long-term contracts.

article thumbnail

What Is a Credit Card Surcharge?

Stax

Before 2013 though, credit card brands like Visa and Mastercard didn’t allow surcharging because they didn’t want to discourage customers from using credit cards as a preferred mode of payment. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. in most US states.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What Is a Credit Card Surcharge?

Stax

Before 2013 though, credit card brands like Visa and Mastercard didn’t allow surcharging because they didn’t want to discourage customers from using credit cards as a preferred mode of payment. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. in most US states.

article thumbnail

No Fee Payment Processing: Everything You Need to Know

Stax

Card brands fix flat-rate assessment fees based on the monthly sales volume via credit and debit cards. Even with high sales volumes, if you process a large number of credit card transactions, profits can be low if you don’t opt for no-fee payment processing. These aren’t the only fees businesses must pay.

article thumbnail

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

Stax

A credit card surcharge is also one such fee that is added during the final point of sale. Jeffrey adds, “ Of course, when our clients still have reasons to opt for credit cards, CardX by Stax. district court in 2013 were credit card surcharges made legal in 40 states. Only after the judgment by a U.S.