Stax

JANUARY 31, 2024

The Visa interchange fee increases occurring in both October 2023 and April 2024 are expected to cost an additional $502M in yearly fees for all relevant merchants. Compliance and Regulation: Changes in regulations or compliance requirements can also influence interchange rates. The first occurred in October 2023.

Payment Services 88

Payment Services Merchant Services Payment Methods Accept Credit Card Payments 88

Stax

APRIL 2, 2024

And with merchants expected to pay as much as $502 million extra after price hikes in 2023 and 2024, these fees are shooting up faster than the transaction amounts spent on purchases. If you want to ensure total surcharge compliance, make sure your provider is a leading expert in the field so you can leave it up to them.

Merchant Services 88

Merchant Services Payment Methods Payment Services Accept Credit Card Payments 88

Stax

JANUARY 22, 2024

That’s the value of eCommerce transactions that took place in 2023 in the U.S. The PayFac benefits the acquiring bank by assuming the risk for a large number of smaller merchants, continuously monitoring merchants for security and compliance, and ultimately reducing the burden on the bank. Gateway or Facilitator: What’s the Difference?

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

DECEMBER 6, 2023

Credit card surcharging is subject to regulations and compliance requirements that vary by region and country. Service providers such as CardX by Stax help companies offset some of these fees in a compliant and seamless way. Surcharges are typically a percentage of the total purchase price and can range from 1% to 4%.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

DECEMBER 13, 2023

So make sure to follow all rules related to the placement, content, design, and compliance of your signage. Understanding Credit Card Surcharges Card networks not only help businesses process credit card payments but they also regulate the industry by establishing surcharging rules and maintaining compliance.

Merchant Services 88

Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Stax

APRIL 30, 2024

In addition, they also ensure the privacy of business data and compliance with laws and regulations. Here’s a list of reliable merchant processing companies based on their services, features, and pricing: 1. Stax Stax is a payments processing service that caters to all types of businesses, large or small.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

JANUARY 17, 2024

In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. Put simply, choose your PayFac with your business needs in mind.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88