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Mobile Credit Card Processing Explained: What Business Owners Need to Know

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According to Forbes , “mobile payments are increasingly being used by U.S. shoppers as customers become more comfortable with the technology.” Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well.

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Visa Interchange Rates 2024: What You Need to Know

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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.

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

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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. Q: Can you pass on credit card fees to customers?

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What is B2B Payments Processing and How Do You Implement It?

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The amount per transaction is often quite significant and as a result, there’s typically quite a bit of negotiation that goes into determining payment amounts, terms, and cycles. Business to consumer (B2C), by comparison, relies on speedy payment processing to transact on the spot. What are the Most Common B2B Payment Methods?

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

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Typically, the merchant’s payment processing software will build the credit card processing rates into their fee. Choosing the payment processor and other items in your credit card processing tech stack will depend entirely upon your business model.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

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Credit card surcharging can help offset these expenses, but it can be tricky. Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. The more they use cash payment, the lower your overall processing expenses.

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Can You Decrease Credit Card Interchange Fees?

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Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards. These fees help cover the costs of processing the payment and maintaining the card network.