Clearly Payments

FEBRUARY 10, 2025

The Acquiring Bank The acquiring bank receives funds on behalf of the merchant. Card Networks Companies like Visa, Mastercard, and American Express ( credit card networks ) that set processing rules and fees. states, these strategies come with compliance requirements, and surcharging is prohibited for debit cards.

Small Business

Stax

JANUARY 10, 2024

Viewing these costs individually makes it easier to understand what is contributing to your credit card processing costs and where you may be able to save money. So, what types of fees should businesses expect to encounter when accepting credit and debit cards? Usually, interchange fees will range between 0.3-2% Statement fees.

Credit Cards

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