article thumbnail

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

Stax

According to Forbes , “mobile payments are increasingly being used by U.S. 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. What types of merchants need mobile credit card processing?

article thumbnail

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

Stax

By following these simple tips, you’ll be able to secure credit card processing rates that make big businesses jealous. Learn More TL;DR Not all credit card processing companies are created equal. Use Address Verification Services (AVS) AVS is a fraud prevention measure for online and card-not-present transactions.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Customers who want to use their credit card have to pay an additional fee covering the processing costs. What is Credit Card Surcharging?

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation. TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. Encouraging Alternative Payment Methods.

article thumbnail

Subscription renewal: getting customers to renew subscriptions

ProfitWell

The key feature separating subscription businesses from their more standard counterparts is the recurring nature of payments. For example, SaaS customers pay a monthly or annual subscription fee for access to software. Customers only need to log in to update their payment information or cancel their subscription.

article thumbnail

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

SaaStr

WePay is a payments company for platform businesses like marketplaces, crowdfunding sites & small business software. I’ve learned a lot about just the financial system at scale. Bill Clerico : We, I think are going after super exciting part of the market, which is software companies trying to embed payments.

article thumbnail

Can You Decrease Credit Card Interchange Fees?

Stax

They significantly impact the cost of accepting card payments. 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.