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

Credit Card Processing for Small Business: 9 Tips for Accepting Payments Securely and Cost-Effectively

Stax

Providing your staff with education on how to handle customer data can help prevent data breaches that even a well-intended employee might cause. Leverage Your Data Your credit card processing solution will ultimately gather a lot of unique data on customer behavior and preferences.

article thumbnail

Can You Decrease Credit Card Interchange Fees?

Stax

These fees help cover the costs of processing the payment and maintaining the card network. Interchange fees themselves are non-negotiable and they’re charged whenever a merchant accepts credit card payments.