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

Stax

This blog will walk you through how your customers are using mobile credit card processing, how you can accept payments using mobile technology, what sorts of features to look for in a mobile solution, and some exciting statistics about the future of payment technology. What is mobile credit card processing?

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

Stax

To ensure that you’re able to take payments in a cost-effective way, be sure to carefully compare their fee structures, contract terms, and available features. Look for transparency in pricing, no hidden fees, and options that suit your specific business needs. Make it a point to choose the right pricing models.

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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.

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Credit Card Surcharge Sign Wording and Template: How to Create Effective Notice for Your Surcharging Program

Stax

In 2022, industry data shows that credit card companies earned a whopping $126.4 And with merchants expected to pay as much as $502 million extra after price hikes in 2023 and 2024, these fees are shooting up faster than the transaction amounts spent on purchases. Payments made with cash or debit card won’t be surcharged.

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What Is a Credit Card Surcharge?

Stax

These apply to all the four leading card brands—Discover, American Express, Visa, and Mastercard. Surcharge vs Cash Discount When customers pay with cash, some merchants may offer a price reduction which is called a cash discount. While, in case of a surcharge, the customer pays more than the listed price.

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What Is a Credit Card Surcharge?

Stax

These apply to all the four leading card brands—Discover, American Express, Visa, and Mastercard. Surcharge vs Cash Discount When customers pay with cash, some merchants may offer a price reduction which is called a cash discount. While, in case of a surcharge, the customer pays more than the listed price.

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

Stax

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. If you’re working with a payment processing provider like Stax , they can take care of much of the following.