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Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?

Stax

Merchants paid a record $172 billion in payment processing fees in 2023. This applies to both card present transactions and card-not-present transactions. Riskier transactions, such as online purchases where the card isnt physically present, often have higher fees. for card-present transactions, and 0.2% + $0.10

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How are Interchange Fees Calculated?

Stax

In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Certain transactions, like card-not-present transactions , are riskier, so interchange fees will be higher in such cases. One way to do this is to encourage card-present transactions. Contact us

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Quicken vs QuickBooks: Which is Best for Small Businesses?

Stax

Research shows that 64% of small businesses use accounting software and the market for accounting software solutions is projected to be worth $4.3billion by 2023. Learn More Stax offers the lowest cost of accepting credit cards among all merchant account providers. Q: When is QuickBooks recommended over Quicken?

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The Credit Card Chargeback Process Explained: What Merchants Need to Know

Stax

However, chargebacks have emerged in recent years as the first course of action for consumers who want a refund as quickly as possible and as a tool for fraudsters looking to take advantage of CNP (Card Not Present) transactions. The merchant has an opportunity to present their case and provide evidence to refute the chargeback claim.

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What You Should Know About Visa Surcharge Rules in 2024: A Guide for Merchants

Stax

All this can be challenging, so it’s best to partner with a surcharging expert like CardX by Stax. Signage must be present at all entrances and points of sale and the surcharge must appear as a separate line item in receipts. Starting April 15, 2023, merchants only have to notify their acquirer 30 days before they start surcharging.

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What Makes Payments-Led Growth Winning Strategy for SaaS?

Stax

billion from its merchant services in 2023. Finance reports : [emphasis added]: “In the 2023 third quarter, Shopify’s subscription solutions revenue was $486 million, or 29% of the total $1.7 However, these merchant clients present a much bigger opportunity for Shopify than monthly subscriptions.

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What is a Payment Gateway and How Does It Work?

Stax

In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square. A payment gateway is a must-have for online stores. What Is a Payment Gateway Account?