Remove 2020 Remove Multi-Currency Remove Processing Costs
article thumbnail

Payment Processing for Small Businesses: What They Don’t Tell You

Clearly Payments

Cash Discounting and Surcharging To offset processing costs, some businesses use cash discounting or surcharging: Cash Discounting Offering a small discount (usually 3-4%) for customers who pay with cash instead of a card. Contactless payments grew by 150% between 2020 and 2023.

article thumbnail

5 Signs Your Business Has Outgrown Square

Cardfellow

While Squares flat rate structure is predictable and looks less complex, its often not the most cost-effective. Interchange plus models can often save you money – sometimes significant amounts – over flat rate processing. Other processors can more effectively handle international payments and multiple currencies. #5.

article thumbnail

Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Finovate

Previously called “Cardlite,” the solution will enable BOCHK to enhance the customer experience with new offerings, including its multi-currency Mastercard debit card. ” Founded in 2020, RD Technologies offers two primary solutions via its subsidiaries: the RD Wallet and the HKDR stablecoin (HKDR).

article thumbnail

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

Stax

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Between 2019 and 2020, the number of U.S. B2B payments are vulnerable to fraud, particularly when involving large sums of money and manual processes like checks.

B2B 88
article thumbnail

Top 21 Digital Online Bill Payment & Invoicing Solutions for U.S. Small Businesses (SMB) in Jan 2025

Fintech Labs Insights

transaction fees to cover interchange and other variable processing costs. Most providers operate on a dual revenue model which includes: a.) monthly subscription fees to create predictable recurring revenue b.) And none of the 21 listed started in the past 5 years. 900 reviews, up 115 since Sep) 12. 24, up 14 since Aug 23) 13 (tie).