Remove Accept Credit Card Payments Remove Banking Remove Marketplace as a Service Remove Stax
article thumbnail

Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

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. What is a Payment Gateway?

article thumbnail

What Is a Credit Card Surcharge?

Stax

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.

article thumbnail

What Is a Credit Card Surcharge?

Stax

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.