Remove 2022 Remove Accept Credit Card Payments Remove Sales Remove Stax
article thumbnail

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

Stax

With credit card transaction volume hitting over $9.5 trillion in the US in 2022, accepting card payments is no longer a question of whether to, but how to. These fees also vary depending on the card network. This makes it a popular choice for small businesses looking to set up credit card payments.

article thumbnail

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

Stax

The parties involved in processing a credit card transaction: Cardholder: The individual or entity holding the credit card and initiating the transaction. Merchant: The business or entity selling goods or services and accepting credit card payments.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Stax

Credit card processing fees are expensive. In 2022, industry data shows that credit card companies earned a whopping $126.4 While some businesses have accepted swipe fees as a way of life, small business owners may struggle with remaining profitable while also providing a range of payment options.

article thumbnail

No Fee Payment Processing: Everything You Need to Know

Stax

A 2022 survey by the Pew Research Centre found that 41% of consumers don’t use cash for weekly purchases like gas, meals, and groceries. This figure used to be 24% in 2015 which makes it evidently clear that card usage is on the rise. CardX, which was acquired by Stax in 2021, has an automated surcharging platform.