Stax

NOVEMBER 14, 2024

Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. TL;DR There are several parties involved in credit card processing. You also have to be mindful of the costs of credit card processing.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

APRIL 18, 2024

What is mobile credit card processing? Mobile credit card processing refers to the capability of accepting credit card payments using a mobile device equipped with a card reader and specialized software. Popular mobile payment solutions include Square, PayPal Here, and Shopify POS.

Payment Services 88

Payment Services Payment Methods Merchant Services Payment Solutions 88

Stax

JANUARY 31, 2024

If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. Visa is one of the biggest payment networks in the world, with ~4.2B cards currently in use. So it’s virtually impossible for a business to not accept Visa cards.

Payment Services 88

Payment Services Merchant Services Payment Methods Accept Credit Card Payments 88

Stax

MARCH 11, 2025

There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies.

Payment Methods 88

Payment Methods Payment Services Merchant Services SaaS Payments 88

Stax

DECEMBER 20, 2023

This process requires a merchant account, which is a special type of bank account that allows businesses to receive payments in multiple forms, including credit and debit cards. Q: What are credit card processing fees for small businesses? Q: How do I accept a credit card payment for a small business?

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

FastSpring

JANUARY 9, 2023

For example, the Reserve Bank of India limits automatic recurring payments to ₹15,000 INR. With Square, you can accept payments from your online store, in-person, or via social media. Banking (including merchant accounts, savings accounts, and loans). Business bank accounts for your users.

Payment Methods 147

Payment Methods Payment Services Merchant Services Payment Features 147

Baremetrics

APRIL 1, 2021

A payment service provider like Stripe is basically a third-party who will take payments on behalf of your business, charging transaction and processing fees accordingly, and then later transfer the money into your business' bank accounts. per online payment 2.7% per online payment 2.7% Stripe Fees 2.9%

Payment Methods 98

Payment Methods Payment Services Merchant Services SaaS Payments 98

Stax

APRIL 18, 2024

TL;DR Credit card processing is a complex process that involves several parties in addition to the merchant and consumer – and quite a few steps more than a simple swipe, tap, or dip. Typically, the merchant’s payment processing software will build the credit card processing rates into their fee.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88

Stax

MAY 7, 2024

Also referred to as swipe fees, these are simply fees that the merchant pays to the credit card company or credit card service providers to accept the payment. Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors.

Merchant Services 88

Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Payrix

FEBRUARY 4, 2025

Association Group of card-issuing banks or organizations that set common transaction terms for merchants, issuers, and acquirers. Card acceptor business code A four-digit numerical representation of the type of business in which the card acceptor (merchant) engages. Visa, Mastercard, American Express, etc.).

Payment Services 100

Payment Services Merchant Services Payment Solutions Payment Methods 100

Stax

JANUARY 22, 2024

At its core, payment processing involves various players and technologies to facilitate the movement of funds from customers to merchants securely and efficiently. Digital payments only take a few seconds, but they flow through many different layers of partners and technology.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

NOVEMBER 15, 2023

TL;DR Credit card interchange fees are the fees that merchants pay to banks and credit card companies every time they accept credit cards. These fees help cover the costs of processing the payment and maintaining the card network. Learn More What are credit card interchange fees?

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

JANUARY 24, 2024

Surcharge vs Interchange Fee The interchange fee is the amount a merchant pays to the card-issuing bank whenever a customer makes a purchase using a credit or debit card. This is to cover the risk of fraud, bad debts, handling costs of the money, and the merchant’s bank account.

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88

Stax

JANUARY 24, 2024

Surcharge vs Interchange Fee The interchange fee is the amount a merchant pays to the card-issuing bank whenever a customer makes a purchase using a credit or debit card. This is to cover the risk of fraud, bad debts, handling costs of the money, and the merchant’s bank account.

Merchant Services 88

Merchant Services Payment Services Payment Methods Point of Sale 88

Baremetrics

MARCH 23, 2021

Here are some details regarding each plan: Checkout: If you’re an eCommerce store, you probably have a payments page where you accept credit card payments. For many sellers, PayPal Checkout is an option that is added to this payments page, giving users another choice for processing payments.

Payment Methods 93

Payment Methods Payment Services Payments Merchant Services 93

Stax

JANUARY 15, 2024

Here are more reasons to implement surcharging and optimize your payment processing strategies. Interchange fees are fees your bank (acquirer) pays to the cardholder’s bank (issuer) in a credit card transaction. It relieves you from directly handling payments and dealing with the tedious administrative hassle.

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

SEPTEMBER 17, 2024

Legal Repercussions If a credit card data security breach occurs and the business is found to have used a non-PCI certified provider, they may face class action lawsuits from affected customers, banks, and credit card companies.

Payment Services 88

Payment Services Merchant Services Payment Methods compliance 88

Stax

JULY 16, 2024

While it isn’t mandatory by law to comply with PCI security controls, most credit card brands require PCI DSS compliance and non-compliance can lead to hefty fines. According to a report by the Federal Reserve Bank of San Francisco , credit card usage among Americans has been steadily increasing since 2016.

Payment Services 88

Payment Services Merchant Services Payment Methods compliance 88

Stax

MARCH 14, 2024

B2B payments are vulnerable to fraud, particularly when involving large sums of money and manual processes like checks. Cross-border B2B payments can be complicated due to currency conversions, regulatory compliance, and varying banking systems. Most of these challenges can be addressed by choosing the right payment provider.

Payment Services 88

Payment Services Merchant Services Payment Methods Payments 88

Stax

APRIL 4, 2024

Credit cards are incredibly popular, and it’s easy to see why: they’re convenient and accepted nearly everywhere. According to Forbes , 32% of consumers use it as their primary payment method. You can add a surcharge for all credit cards or restrict it to certain types of cards.

Merchant Services 68

Merchant Services Payment Methods Payments Payment Services 68

Subscription Flow

JANUARY 2, 2024

What is more is that to accept various payment methods from your customers, you must have a dedicated payment gateway as well as a merchant account for your SaaS business. A SaaS payment gateway is an online payment processing solution that allows merchants to accept credit card payments directly from their websites.

Payment Services 52

Payment Services SaaS Payments Merchant Services Payments 52

Stax

FEBRUARY 28, 2024

Passing credit card fees onto customers has been hotly debated , but most of the country has agreed: Credit card surcharge should be available to merchants. A credit card surcharge program allows merchants to add a small fee to a customer’s bill when they use a credit card for payment.

Merchant Services 88

Merchant Services Payment Services Payment Methods Stax 88

BitPay

MAY 8, 2023

Never hold crypto or worry about price volatility Companies that choose to take a “hands off” approach to accepting crypto payments receive payments directly to their bank account. Companies can start accepting crypto payments in less than a week. Set up is quick and easy.

Payment Methods 40

Payment Methods Payment Services Merchant Services Payment Solutions 40

Natalia Luneva

APRIL 24, 2025

Stripe Connect is a comprehensive payment processing solution designed to cater to the unique needs of platforms and marketplaces. As a part of the broader Stripe suite, it facilitates digital transactions and enables businesses to accept credit card payments and manage complex money flows.

Stripe Connect 40

Stripe Connect Merchant Services Payment Services Payments 40

SaaStr

DECEMBER 10, 2019

And there’s some really great FinTech companies out there that are trying to build these modern products, but don’t have a banking license to be able to offer that, don’t have banking and lending and payments all under one roof. Bill Clerico: I think no one has really scratched the surface on that.

Payment Services 157

Payment Services Merchant Services Payment Solutions Payments 157

Stax

JANUARY 21, 2025

The payment gateway collects and encrypts sensitive customer payment details and then securely sends them to the payment processor. In turn, the payment processor ensures a seamless transfer of the information between the merchant, issuing bank, and customer. Today, many payment gateways work as payment processors.

Payment Methods 88

Payment Methods Payment Services Merchant Services Payment Solutions 88

Natalia Luneva

MAY 12, 2025

This means each business doesn’t need to set up its own account with banks or card networks. It makes it easy and fast for them to start taking payments. They give merchants a quick way to start accepting payments without dealing with the usual banking hassles.

Merchant Services 40

Merchant Services Payment Services Payfac SaaS Payments 40