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No Fee Payment Processing: Everything You Need to Know

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This may be concerning for certain types of businesses as they need to spend more to process credit and debit card payments as compared to cash. Moreover, you must watch out for hidden service fees and/or long-term contracts your provider may try to lock you into.

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

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With cashless now BEING king, credit and debit cards are the primary method for your customers to make payments. of consumer payments came through card payments. And electronic payments were at 14.2%, closing in on cash at 15.5%. Credit card and debit card payment processing fees apply to them all.

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Know Your Customer (KYC): What It Is and How to Comply

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That’s the amount of non-cash payments made in the U.S. in 2021, according to the Federal Reserve. Financial crime can take on several faces, including (cyber) fraud, cryptocurrency scams, and money laundering—and companies offering financial services can lose out on serious bucks. Request Quote What Exactly is KYC?

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News: U.S. Supreme Court Rejects Appeals From Apple and Epic in Antitrust Case

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In 2021, U.S. District Judge Yvonne Gonzalez Rogers rejected most of Epic’s claims against Apple but ruled in Epic’s favor regarding Apple’s policies against developers sending users outside Apple’s system to make digital purchases. Circuit Court of Appeals in San Francisco agreed with much of Judge Rogers’ 2021 decision.

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How to Navigate Thailand’s New VAT Requirements for Sales of Digital Products and Services

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The country recently published guidance requiring providers of electronic services — select digital products and services — to register for VAT if they meet certain criteria and thresholds. Foreign e-services provider requirements What are Thailand’s VAT rates for E-Services? What are Thailand’s VAT rates for E-Services?

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How New Rules Will Impact Recurring Transactions in India

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The Reserve Bank of India issued new guidelines for subscription purchases earlier this year — and the new rules came into effect a few days ago, on October 1, 2021. This process is straightforward, and we describe it in detail below.). The Reserve Bank of India Is Enforcing its Rules Effective October 1, 2021.

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What Is a Credit Card Surcharge?

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Credit cards remain a favored way of making payments among customers. Purchase volumes through credit cards jumped 51% between 2015 and 2021. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. The rate varies between 1.3 in most US states.