article thumbnail

Visa Interchange Rates 2024: What You Need to Know

Stax

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.

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. Q: What is considered a payment gateway?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

No Fee Payment Processing: Everything You Need to Know

Stax

Clearly, the monthly fees that businesses typically pay to accept card payments can eat away a significant portion of their revenue and overall profits. This is where the concept of no-fee payment processing (also known as no-cost, zero-fee, zero-cost, or free credit card processing) comes into play.

article thumbnail

How to Successfully Implement a Credit Card Surcharge Program In Your Business

Stax

Even if the consensus is out that it’s okay for merchants to not incur costly transaction fees if accepting credit card payments, it can be difficult to understand how to collect surcharge fees from your customers and retain your customer base. Still confused on how to best insure compliance with all requirements?

article thumbnail

8 Top Stripe Alternatives: In-Depth 2023 Guide

FastSpring

A billing solution that acts as your MoR gives you access to multiple payment processors (which lets you accept more payment methods and is useful when accepting payments globally, as we explain below) while taking on the liability of all transactions for you. Read the Mailbird case study here.

article thumbnail

How to Acquire a $400B World-Class Company by WePay (Video + Transcript)

SaaStr

100 billion in revenue, 30 billion in net income, 4 million small business customers, relationships with half of US households, quarter of a million employees. You could think about how in that Chase app you could make it easier to accept credit card payments right away.