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What is an Online Terminal and Why Do Merchants Need One?

Stax

With seamless online payment processing, streamlined processes, and enhanced operational efficiency, online terminals simplify transactions, bolster security, and provide valuable insights into customer behavior and sales trends. Analytics and Reporting Tools: Many online terminals have built-in analytics and reporting features.

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Visa Interchange Rates 2024: What You Need to Know

Stax

Audit your data security measures. Secure payment processing methods can result in reduced fees, as the card networks offer reduced fees on transactions they deem less risky. Stay informed through industry publications that discuss changes in interchange rates, regulations, and trends affecting payment processing.

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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

Healthcare providers, for instance, may factor in compliance costs spent on cybersecurity measures, staff training, regular audits, and legal consultations to ensure adherence to health information privacy regulations. On invoices, present it as a separate line item to provide a clear breakdown. Regulatory Compliance.

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What Is an ACH Payment Facilitator?

Stax

ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security. All this without having to invest time and resources in partnering with an acquiring bank or building an elaborate payment infrastructure.

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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

It involves a complex ecosystem of financial institutions, including acquiring banks, payment processors, and card networks, alongside technology providers and regulatory bodies. Payment processors handle transaction authorization, settlement, and security, ensuring seamless and secure payment experiences.