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Visa Interchange Rates 2024: What You Need to Know

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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. Visa had put off interchange rate changes during the pandemic years, so they’ve been introducing changes in two phases, with the second wave of updates coming in April 2024.

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How Adopting Mobile Payments Can Help Your Business Grow in 2024

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Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. A lot has changed in 20 years, and businesses must either adopt a modern and mobile payment infrastructure or risk becoming about as relevant as the cash register in a mall department store.

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The 7 Best Mobile POS Systems for Small Businesses in 2024

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mPOS solutions are the superpower for small businesses in 2024. Traditional methods like cash and credit cards/debit cards are a must-have, as are digital wallets and contactless payments such as Apple Pay for iOS and Android’s Google Pay. Q: Can you turn your phone into a POS?

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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

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Further, Statista projects that the value of global digital transactions will exceed $11 trillion in 2024. The writing on the wall is clear—businesses need to start accepting digital payments and software providers need to start offering payment services one way or another.