article thumbnail

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

Stax

In today’s world, knowing how credit card transactions work is super important for any business owner, given that card transactions make up the bulk of all payment transactions. Avoid Non-Mandatory Contracts No one likes to be stuck in a contract, from cell phone contracts to credit card processing contracts.

article thumbnail

Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

Stax

For example, the interchange fees for online transactions may be higher due to the higher risk of credit card fraud. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. These fees also vary depending on the card network.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Stax

The parties involved in processing a credit card transaction: Cardholder: The individual or entity holding the credit card and initiating the transaction. Merchant: The business or entity selling goods or services and accepting credit card payments. Card Network (e.g., E.g., that $0.10

article thumbnail

How to Find the Right Credit Card Terminal for Your Business

Stax

They’re often used for phone or online orders where the card isn’t physically present. Integrated payment systems These are terminals that integrate with the POS systems (point-of-sale), combining payment processing capabilities directly into the business’s existing software, acting as an all-in-one system.

article thumbnail

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

Stax

While traditional B2B payment methods like wire transfers and checks remain common, the corporate credit card market is projected to grow at a CAGR of 7.3% It’s crucial for businesses to support multiple B2B payment methods to adapt to diverse payment preferences. Learn More What are B2B Payments?

article thumbnail

Subscription renewal: getting customers to renew subscriptions

ProfitWell

An unexpected charge shows up on your credit card without warning. An automatic subscription renewal charge for a subscription you’re no longer using or that you don't even remember signing up for. Even worse, you go to cancel your subscription, only to discover it's nearly impossible. Of course, you know better.

article thumbnail

8 Top Stripe Alternatives: In-Depth 2023 Guide

FastSpring

Since our expertise is in providing MoR services to SaaS companies, we’ll start with an in-depth review of our solution, FastSpring. FastSpring: International Payment Solution for SaaS. Paddle: Payment Infrastructure Platform. More subscription management features. Subscription Management. Table of Contents.