Stax

FEBRUARY 19, 2025

Defined Service Level Agreements (SLAs): Look for guaranteed response times to prevent extended downtimes. Phone, Email, and Chat: A reliable integrated payment processing support provider should offer multiple communication channels to accommodate different user preferences.

Payments 88

Payments PCI DSS Compliance Risk 88

Stax

OCTOBER 14, 2024

Look for options that support: Multi-currency processing International payments Advanced reporting features Offer an open API Such capabilities can be invaluable as your business expands into new markets or scales up operations. They have interchange-plus pricing, with no long-term contracts. Dharma also can be used on Clover hardware.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88

Stax

JANUARY 10, 2024

the merchant’s business type, and the terms of the merchant’s agreement with their payment processor. Fee ranges will vary depending on the credit card network and financial institution in question, as well as the terms and conditions of the card agreement. Chargeback fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

EBizCharge

AUGUST 5, 2024

Billbacks often complicate the accounting process as they require retroactive adjustments to the revenue, leading businesses to use billback software or third-party billing software. Understanding how billbacks work allows businesses to accurately manage and predict their processing costs, ensuring there are no unexpected fees.

Best Practices 52

Best Practices Disputes Adjustments Processors 52

Stax

NOVEMBER 15, 2023

They significantly impact the cost of accepting card payments. Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards. Can you decrease interchange fees?

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

EBizCharge

AUGUST 30, 2024

Merchants should thoroughly review their merchant account agreement and ask for clarification on line-item charges they don’t understand. 3 factors that affect credit card fees for merchants Credit card processing fees vary significantly and are influenced by many factors, sometimes making them appear complex and confusing to merchants.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Stax

MAY 7, 2024

Processing fees vary depending on the service provider, the agreement between the merchant and the processor, the type of credit card used (debit, credit, corporate, rewards, etc), and the type of transaction (online, dipped, swiped, or keyed in). How do chargebacks affect processing fees? For example, 2.1% + $0.10

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

EBizCharge

JUNE 28, 2024

It’s essential to check with legal counsel or financial advisors to align with the latest legal standards and avoid potential penalties or customer disputes. Credit card networks impose a cap on surcharges, typically restricting them to no more than the merchant’s cost to process credit card transactions or up to 3%, whichever is lower.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Payment Savvy

JULY 3, 2024

This means they would only allow customers to pay with their debit cards, While this approach isn’t right for every business, it can be especially useful for those that can’t handle credit card transactions, operate in industries where customers often dispute charges, or want to lower their processing fees.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

Exact Payments

JULY 12, 2024

a cross-border transaction fee) and are often paid on a per-transaction basis for processing transactions on a network’s rails. Chargeback fees A chargeback is a customer-filed dispute that results in the reversal of funds. While some providers charge extra for guided assistance, others offer it as a part of the partnership agreement.

Assessments 52

Assessments Credit Cards PCI DSS Transactions 52

EBizCharge

NOVEMBER 12, 2024

Chargeback fees: If customers dispute transactions, merchants may incur chargeback fees in addition to refunded transaction amounts. Before signing any agreements, thoroughly review and understand all the terms related to these fees. Before signing any agreements, thoroughly review and understand all the terms related to these fees.

Online and Mobile Banking 52

Online and Mobile Banking Processors Debit Card Volume 52

Segpay

FEBRUARY 28, 2024

Key Takeaways √ Hidden charges in payment processing can dig into and erode your bottom line. Merchants can implement several best practices to avoid surprise processing costs. 5 minute read Hidden charges in payment processing can seriously impact any merchant’s bottom-line revenues.

Processors 52

Processors IRS Push-to-Card Non-Bank 52