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The Hidden Costs of Payment Processing No One Talks About

Clearly Payments

Assessment Fees What It Is: Charged by the card networks (Visa, Mastercard, etc.) Processor Markup What It Is: The payment processors own cost on top of interchange and assessment fees. Tip: Complete your annual Self-Assessment Questionnaire (SAQ) to ensure you meet PCI requirements. on top of interchange fees.

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How Do You Offset Credit Card Processing Fees?

EBizCharge

Assessment fees are imposed by credit card networks to cover the cost of operating their global networks. Unlike interchange fees, assessment fees arent negotiable and are charged as a small percentage of each transaction. This is especially relevant for B2B and B2G (business-to-government) transactions.

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How Governments Navigate ACH Payments Innovation

PYMNTS

“On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” he said. Yet while ACH moves toward Same Day and, eventually, Real Time transaction speeds , that movement of transaction data remains a key hurdle for both B2B and B2G uptake. ”

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Government Procurement Lacks Agility, Transparency, Survey Finds

PYMNTS

In a survey released last month from business-to-government (B2G) technology company Onvia , nearly 40 percent of buyers in the public sector say they feel overworked, with many reporting that it’s a struggle to find the time needed to research and author bids and requests for proposal. That Procurement Performance Index dropped from 76.4

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What Is Accounts Receivable Factoring?

EBizCharge

A factoring company specializes in purchasing outstanding invoices by assessing the credit risk associated with unpaid invoices and providing an advance rate, which is a percentage of the invoice’s value. The AR factoring company evaluates these invoices by assessing the debtor’s creditworthiness.

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Government Entities Face An eProcurement Wake-Up Call

PYMNTS

As more government entities on the local, state and federal levels embrace eCommerce-like processes to purchase goods, they’re also gradually expanding this demand for digitization and optimization in the broader, more complex process of sourcing, bid management, contracting and payment.