Synapse Payment Systems

NOVEMBER 9, 2022

Profit margins are tight right now, and as operating costs increase, many businesses wonder if they should surcharge credit cards. Here’s why credit card surcharges hurt your business—and what you should do instead to raise revenue and keep customer loyalty. What is a Credit Card Surcharge?

Credit Cards 130

Credit Cards Processors Legal Laws 130

EBizCharge

MAY 5, 2025

As businesses navigate credit card processing fees, zero cost credit card processing has emerged as a valuable alternative. This option focuses on eliminating processing fees for the merchant by passing them onto customers, a practice thats steadily gaining traction.

Credit Cards 52

Credit Cards Small Business Process ACH 52

Stax

JANUARY 10, 2024

Credit card transactions have quickly become the lifeblood of eCommerce businesses and storefronts alike. According to Capital One, global credit card transactions in 2022 reached an estimated 678 billion —an average of 1.86 However, accepting credit cards does come with a flipside; the ongoing sting of credit card fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Stax

NOVEMBER 15, 2023

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. These fees help cover the costs of processing the payment and maintaining the card network.

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Stax

APRIL 18, 2024

Accepting credit card transactions is no longer a decision of whether to but rather how to. With cashless now BEING king, credit and debit cards are the primary method for your customers to make payments. of consumer payments came through card payments. Card Network (e.g., Pre-pandemic, 62.3%

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Stax

MAY 7, 2024

With credit card transaction volume hitting over $9.5 trillion in the US in 2022, accepting card payments is no longer a question of whether to, but how to. billion in processing fees, which was a 16.7% The transactional procedures are the authorization, clearing, and settlement processes of the funds being transferred.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? Credit card surcharging can help offset these expenses, but it can be tricky. Learn how to achieve payment processing compliance when surcharging to improve your company’s financial stability and reputation.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

SEPTEMBER 26, 2024

Credit card surcharges are increasingly becoming a fact of life. Industry data shows that 9 out of 10 credit card users say they don’t want to pay surcharges but do it anyway. This is good news because it means you won’t have to inflate your base prices to cover payment processing fees.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

DECEMBER 13, 2023

Did you know that in 2021, merchants ended up paying a whopping $105 billion in credit card processing fees? Even though they’re one of the most popular payment options today, accepting credit cards at your business can turn out to be a significant expense. to their payment processing company.

Credit Cards 88

Credit Cards Debit Card Laws Rules 88

Stax

DECEMBER 20, 2023

Although credit cards have been around since the 1950s, in recent years, they’ve started to dethrone cash from its position as king of payment methods. With a whopping 84% of American adults owning at least one credit card (the average is 3 credit card accounts per person), card payments reached $9.43

Credit Cards 88

Credit Cards Small Business Processors Payment APIs and Integration 88

Stax

MAY 23, 2025

These APIs enable your users to accept credit cards, debit cards, ACH, and other payment options without ever leaving your platform. Native packages with integrated payments are a great way to provide an easy, seamless user experience and controlled payment processing to your software users. EMV, NFC, etc).

ISVS 88

ISVS Best Practices Payment APIs and Integration Enrollments 88

Stax

FEBRUARY 28, 2024

Passing credit card fees onto customers has been hotly debated , but most of the country has agreed: Credit card surcharge should be available to merchants. TL;DR Surcharging allows merchants to pass on credit card fees. What is Credit Card Surcharging? There’s no way around it.

Credit Cards 88

Credit Cards Debit Card Legal Laws 88

Stax

APRIL 2, 2024

Credit card processing fees are expensive. In 2022, industry data shows that credit card companies earned a whopping $126.4 billion in processing fees. At upwards of 3.15% plus ten cents in interchange fees, these extra fees cost a pretty penny. Learn More What is Credit Card Surcharging?

Credit Cards 88

Credit Cards Best Practices Legal Compliance 88

Stax

MARCH 11, 2025

As a business owner, you must have a clear understanding of how online payments processing works to be able to create a hassle-free checkout process that will keep buyers coming back to your eCommerce store. Talk to sales How Online Payment Processing Works On the surface, online credit card processing happens in seconds.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

EBizCharge

AUGUST 30, 2024

Navigating the complexities of credit card processing fees is a significant challenge for merchants in today’s digital economy. What are credit card processing fees? Credit card processing fees are fees merchants must pay to accept credit card payments from their customers.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Clearly Payments

MARCH 4, 2025

Analyzing Payment Processing Costs Many business owners assume they are paying lower fees than they actually are. The effective rate is the total processing cost divided by total sales volume and is the true measure of what a business is paying. We’ve seen some merchants pay 10%.

Small Business 52

Small Business Process EMV Processors 52

Stax

JANUARY 21, 2025

While credit cards are the most preferred payment method for up to 40% of Americans , not all payment gateways support every type of credit card. For example, most payment gateways accept payments from major credit cards like Visa and Mastercard, but only a small percentage accept Discover and American Express.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Cardfellow

MARCH 22, 2025

As with many things in credit card processing, its complicated. Downgrades and Enhanced Data Categories: The Non-Malicious Problem Padded Interchange: The Malicious Problem Costs of Processing Appearing Competitive Is padded interchange the same as tiered pricing? Interchange and assessments are non-negotiable.

Process 40

Process Processors Credit Cards Non-Bank 40

EBizCharge

JUNE 28, 2024

When it comes to accepting payments, businesses often grapple with the costs of credit card processing fees. The question “Is it legal to charge a credit card fee?” Card types The type of card used in a transaction can dictate whether a surcharge is permissible.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

Stax

DECEMBER 20, 2023

In the complicated world of payment processing, understanding the nuances of debit card and credit card payments, along with associated processing fees, is essential for businesses. After all, there are many more payment options available than ever before, and each comes with differing costs and technology needs.

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

BNG Payments

JANUARY 2, 2022

This model offers the business the opportunity to negotiate what rate they are willing to pay for credit card processing. Tiered pricing is a fee structure for credit card processing that determines how merchants pay processing companies for each transaction. What Are Tiered Pricing Merchant Accounts?

Credit Cards 52

Credit Cards Accounts Volume Processors 52

Stax

NOVEMBER 8, 2023

This may be concerning for certain types of businesses as they need to spend more to process credit and debit card payments as compared to cash. Clearly, the monthly fees that businesses typically pay to accept card payments can eat away a significant portion of their revenue and overall profits.

Process 88

Process Credit Cards Debit Card Processors 88

Clearly Payments

NOVEMBER 17, 2023

In the world of business, understanding how to navigate credit card processing fees is essential for financial success. This article explores practical strategies to help businesses lower their credit card payment processing costs, offering insights to enhance financial efficiency.

Credit Cards 52

Credit Cards Process EMV Processors 52

Clearly Payments

AUGUST 14, 2024

This article covers current statistics and general information of payment processing across the globe for merchants. Payment Process Fees Differ by Region The global overall average fee for processing credit card transactions in 2024 is approximately 2.4% for credit cards, the U.S.

Process 104

Process Credit Cards Alternative Payment Methods Debit Card 104

M2P Fintech

AUGUST 8, 2023

The credit card industry in India is booming. crore* credit cards in circulation, a substantial jump from 7.5 But only 5%** of the population has a formal credit card. This is a huge opportunity for credit card issuers. Currently, there are 8.5 crore just a year ago.

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52

Clearly Payments

FEBRUARY 7, 2024

Transaction Volume (aka Total Sales) Transaction volume is a fundamental metric that measures the total number of transactions processed within a specific timeframe. It provides merchants with an overview of their payment activity and helps assess overall business performance.

Process 98

Process PCI DSS Processing Costs Settlement 98

EBizCharge

JANUARY 6, 2025

For business owners, this practice isnt just a thoughtful nod to customersits a smart move to reduce payment processing costs and encourage more cash transactions. A surcharge is added to the price if the customer uses a credit card. 0.25) is added for card users. Thats a cash discounting program in action.

Legal 52

Legal Adjustments Compliance Assessments 52

EBizCharge

MAY 2, 2024

Credit card transactions are known to facilitate seamless and convenient payments for consumers, but they can come with many fees. Thankfully, businesses can leverage no fee credit card processing to alleviate the burden of transaction costs. What is no fee credit card processing?

Credit Cards 52

Credit Cards Process Processors Legal 52

Stax

DECEMBER 6, 2023

In an era defined by digital transactions and cashless payments, the process of paying for goods and services is more convenient, and increasingly reliant on credit card transactions. However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do.

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

Stax

FEBRUARY 5, 2024

Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Cost recovery, industry standards, regulatory compliance, and consumer sensitivity are key factors to consider when calculating surcharges. Credit card surcharge.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

EBizCharge

AUGUST 15, 2024

Pass-through fees are essential for merchants since they directly impact overall credit card processing costs. The reasons for these charges include compensation for the risk undertaken by issuers, maintenance of payment networks, and provision of customer rewards programs associated with many types of credit cards.

Credit Cards 52

Credit Cards Processors Best Practices Volume 52

Stax

JANUARY 31, 2024

If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. cards currently in use. So it’s virtually impossible for a business to not accept Visa cards. TL;DR Interchange rates are the fees charged by credit card networks.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

Basis Theory

OCTOBER 1, 2024

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. PCI Levels allow organizations to understand and determine their reporting requirements when processing credit card payments.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Exact Payments

JULY 12, 2024

What Are Payment Processing Fees? With a PFaaS solution, payment processing fees, or merchant fees, are charged to merchants by the PFaaS provider in partnership with the SaaS provider. These fees are assessed every month via a merchant statement that lists out account activity and costs incurred.

Assessments 52

Assessments Credit Cards PCI DSS Transactions 52

Stax

NOVEMBER 11, 2024

They are an additional type of payment you can take along with debit card transactions and credit card payments from card networks like Mastercard, Visa, American Express, and Discover. Of course, ACH payments do not come with the same interchange fees that credit card transactions do.

ACH 88

ACH Checks Identity Theft Payments 88

Payment Savvy

JULY 12, 2024

For example, you could add a convenience fee if your standard payment method is cash or check, but a customer wants to pay over the phone or online with a credit card. This fee compensates for these alternative methods’ higher processing costs and potential risks.

Card Network Rules 52

Card Network Rules Non-Bank Alternative Payment Methods Credit Cards 52

Stax

JUNE 9, 2024

Payment integrations are key, so set your sights on POS systems that can connect with leading credit card solutions like Stax. Understand the Problems of Conventional POS Systems One of the most significant issues with accepting retail payments is the end-of-day processing. What’s on the roadmap for your retail store?

Credit Cards 88

Credit Cards Process CRM Point-of-Sale (POS) 88