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Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

Stax

Depending on the business type, merchant processing solutions are of two types: Point-of-sale (POS) systems POS systems are a popular payment collection system, with more than 93,300 companies using them in the US alone. In comparison, POS systems are ideal for businesses that operate from one single location.

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How Much Do Credit Card Companies Charge Merchants?

Stax

The purpose of an interchange fee is to compensate the card issuer for the risk and operational costs associated with providing the credit or debit card service to the customer. If POS hardware is being offered as part of the merchant’s payment plan, it will also include the cost of hardware. This is where CardX by Stax comes in.