Stax

MARCH 14, 2024

Unlike B2C, where most transactions are simply taken at the point of sale using a credit card, debit card, or mobile payments from digital wallets, the types of payments for B2B companies can differ. ACH payments take up to three days to process and cost around 1% of the transaction with a $10 cap.

B2B 88

B2B Process B2C Credit Cards 88

Stax

MAY 7, 2024

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. Can merchants pass credit card processing fees to customers?

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

EBizCharge

MAY 15, 2024

As technology advances, digital payment solutions and automation tools are increasingly adopted to streamline B2B payment workflows and improve efficiency and transparency in transactions. Payment gateways encrypt sensitive payment data, such as credit card details, ensuring secure transmission.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

EBizCharge

AUGUST 12, 2024

When navigating the realm of credit card processing, it’s crucial to distinguish between merchant acquirers (acquiring banks), card issuers, and payment processors, as each plays a distinct role in the card transaction ecosystem. Card issuers are banks or financial institutions that issue credit cards to consumers.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

PayHawk

APRIL 18, 2023

A Acquirer The financial institution that processes payments on behalf of merchants. Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

JANUARY 10, 2024

The exact rate can vary based on several factors, including the type of card used (debit or credit), the card brand (Visa, MasterCard, etc.), the merchant’s business type, and the terms of the merchant’s agreement with their payment processor. Statement fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Nanonets

SEPTEMBER 28, 2023

This will help ensure that your payment is successfully processed and received by the intended recipient. Cross-Border Payment  Solutions - Wire, ACH, PayPal When it comes to making payments across borders, there are a few different options available to businesses. This can help you save money on future payments.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Wire Transfer Wire 52

Stax

JANUARY 24, 2024

Implementation of Credit Card Surcharges Once you have ensured that your state allows surcharging and that it is the right move for your business, follow these steps to get started: Provide notice to card companies about your intent to surcharge. Next, inform your acquiring bank about your intent, again, 30 days in advance.

Credit Cards 88

Credit Cards Laws Caps Legal 88

Stax

JANUARY 24, 2024

Implementation of Credit Card Surcharges Once you have ensured that your state allows surcharging and that it is the right move for your business, follow these steps to get started: Provide notice to card companies about your intent to surcharge. Next, inform your acquiring bank about your intent, again, 30 days in advance.

Credit Cards 88

Credit Cards Laws Caps Legal 88

Payment Savvy

JULY 21, 2023

Cons of Business Credit Cards High-Interest Rates – If mismanaged, business credit card debt can quickly pile up due to high-interest rates, especially if you only make the minimum payments. ACH Loans ACH loans are a type of business financing alternative lenders, banks, and other financial institutions offer.

ACH 52

ACH Credit Cards Finance Process 52

EBizCharge

MAY 12, 2025

Secure payment processing systems act as a bridge between businesses and financial institutions to facilitate safe and efficient transactions. These systems operate via secure payment gateways that transfer funds between merchants and financial institutions while protecting sensitive financial data, such as credit and debit card information.

Process 52

Process Security Payment Gateways Encryption 52

Clearly Payments

DECEMBER 3, 2024

Expired Card (5-10% of declines) A cardholder may unknowingly attempt to use an expired card, leading to a declined transaction. While card issuers generally send replacement cards before the expiration date, delays or oversight can result in this issue. What Should a Merchant Do if a Card is Declined?

Credit Cards 52

Credit Cards Address Verification System (AVS) Card Issuer Alternative Payment Methods 52