Basis Theory

OCTOBER 1, 2024

On the other hand, organizations with Levels 2, 3, or 4 use Self-Assessment Questionnaires (SAQs) to audit their compliance program. Third-Party Service Provider ( TPSP or "service provider") refers to an entity other than the Merchant, Acquirer, or Issuer involved in storing, processing, or transmitting card data.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

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.

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Stax

JUNE 23, 2025

Businesses use ACH API integration to lower payment processing costs, streamline high-volume or recurring payments, and improve payment status visibility. An ACH API is a type of application programming interface that enables businesses to initiate, process, and track ACH payments electronically through the ACH network.

ACH 88

ACH API Payment APIs and Integration ACH Network 88

Stax

JANUARY 21, 2025

However, the provider might require you to upgrade your subscription plan as your sales volume grows. Before committing to a payment gateway or requesting a quote, assess how much money you receive regularly. A payment service provider that approves transfers immediately isnt necessarily the best gateway.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

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. Moreover, you must watch out for hidden service fees and/or long-term contracts your provider may try to lock you into. These aren’t the only fees businesses must pay.

Process 88

Process Credit Cards Debit Card Processors 88

EBizCharge

AUGUST 30, 2024

Credit card processing fees are fees merchants must pay to accept credit card payments from their customers. The fees associated with credit card processing typically consist of various costs, including transaction fees, interchange fees, and service provider fees, which can significantly impact a business’s bottom line.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Stax

APRIL 18, 2024

Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. How Merchant Fees Are Made Up The unavoidable basics of credit card processing fees are interchange rates and assessment fees. Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Stax

MAY 7, 2024

Also referred to as swipe fees, these are simply fees that the merchant pays to the credit card company or credit card service providers to accept the payment. Assessment fees usually make up a small percentage of the transaction amount. The best thing is that processing fees aren’t always fixed.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 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

EBizCharge

NOVEMBER 12, 2024

Merchant application information is critical in the underwriting process , which assesses the risk of providing merchant services to a business. The merchant service provider also uses the information gathered to determine transaction fees, setup fees, and other terms of service.

Online and Mobile Banking 52

Online and Mobile Banking Processors Debit Card Volume 52

Payment Savvy

JULY 3, 2024

Merchant Category and Risk Level: Businesses in higher-risk categories, such as those with a higher likelihood of chargebacks, often face higher processing fees. Payment Processor and Service Provider: Different payment processors have varying fee structures and markups. Assessment fees are also known as brand usage fees.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

Stax

FEBRUARY 15, 2024

In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance. The ISV has little control over the end user’s payment experience or the processing costs. Now, there are two ways that a software service provider can become a payments provider.

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

Stax

DECEMBER 13, 2023

TL;DR Credit card processing fees can add up quickly and eat into a business’s bottom line. Fortunately, in states where surcharging is legal, you can recoup these processing costs by transferring them to the cardholder. All of these credit card processing fees can add up quickly and eat into a business’s bottom line.

Credit Cards 88

Credit Cards Debit Card Laws Rules 88

Stax

FEBRUARY 28, 2024

Customers who want to use their credit card have to pay an additional fee covering the processing costs. For anyone new to the term, surcharging is a payment processing option allowing merchants to pass on credit card fees. Customers who want to use their credit card have to pay an additional fee covering the processing costs.

Credit Cards 88

Credit Cards Debit Card Legal Laws 88

Stax

DECEMBER 6, 2023

Credit card processing fees , including interchange fees , assessment fees, and network fees, are a significant expense for merchants. While these costs are unavoidable, businesses are seeking ways to minimize their impact on their bottom line. What is a Credit Card Surcharge Fee?

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

Stax

JANUARY 31, 2024

Consider consulting with financial advisors, payment processing experts, or industry specialists who can offer personalized guidance on optimizing payment strategies. A great payment provider can save your business tons of money in processing fees. Educate yourself on how interchange rates are calculated.

Credit Cards 88

Credit Cards Push-to-Card Processors Debit Card 88

Stax

JUNE 9, 2024

But you should still take your time to study through the offerings of each merchant services provider to understand what kind of processes they offer to manage your payments. Some modern solutions come with sky-high costs for their solutions. Talk to other merchants: Browsing the web and YouTube only takes you so far.

Credit Cards 88

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

PYMNTS

OCTOBER 29, 2020

The trouble for businesses is that with this increase in digital transaction volumes comes the need to better manage payments processing. Every time a business adds a new payment service provider (PSP) or currency or expands into a new market, it must optimize its payment flows for cost and efficiency and rethink its payments strategies.

Process 43

Process Payment APIs and Integration Payment Service Provider (PSP) API 43

Nanonets

SEPTEMBER 1, 2023

The standout feature is immediate & irreversible transaction settlement, a notable departure from the conventional pacing of ACH and other comparable services. "The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient, " said Federal Reserve Chair Jerome Powell.

FedNow 52

FedNow Wire Transfer Federal Reserve ACH 52

Evolve Payment

NOVEMBER 21, 2022

The Steps to Becoming PCI Compliant: Find the Self-Assessment Questionnaire (SAQ) form that applies to your business. If your business handles a high volume of commercial credit card transactions, qualifying for Level 3 rates could shave 20%-40% off your monthly processing costs.

Process 52

Process Processors Credit Cards PCI DSS 52

Nanonets

MARCH 22, 2023

Accounts payable outsourcing can help smoothen the AP process while ensuring that payments to vendors are cleared efficiently. Accounts payable outsourcing is the process of hiring a specialised service provider who can take over multiple AP functions that businesses find difficult to handle in-house.

Accounts 52

Accounts Duplicate Automation Process 52

M2P Fintech

AUGUST 8, 2023

Now, let’s delve into the essential factors that issuers must assess when upgrading their Card Management System (CMS). Before upgrading to a new-age credit card system, issuers should evaluate if the credit card solution provider offers the following features. What Factors should Issuers Evaluate when Upgrading to a New Age CMS?

Credit Cards 52

Credit Cards Payment APIs and Integration Issuers API 52

Payment Savvy

JULY 3, 2024

This occurs when the cardholder contacts their issuing bank to request a reversal of the transaction amount, typically due to fraud, unauthorized purchases, or dissatisfaction with the goods or services provided. and paid to the issuing bank to cover the costs of processing the transaction and the risk associated with the payment.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Nanonets

SEPTEMBER 22, 2023

This article will provide a comprehensive understanding of  trade payables , their recording in the company's  balance sheet , and the expected  payment terms. Key Takeaways: Trade payables  represent the amount owed to suppliers for goods or services provided on credit.

Automation 40

Automation Accounts Risk Process 40

Stax

OCTOBER 14, 2024

This hands-on experience allows you to explore the platform’s interface, understand its features, and assess its compatibility with your business systems and daily operations. Research the provider’s customer support availability, such as 24/7 assistance, and the modes of support offered, like live chat, phone, or email.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88

Clearly Payments

APRIL 21, 2025

In this article, well break down credit card processing costs, explain the math behind them, and give you benchmarks so you know whether youre getting a good deal. For this service, several parties charge fees: Issuing Bank (the customers bank) Card Network (Visa, Mastercard, Amex, etc.) In general, most merchants in the U.S.A.

Credit Cards 66

Credit Cards Process Processors Push-to-Card 66

EBizCharge

FEBRUARY 4, 2025

Evaluating both metrics allows businesses to identify inefficiencies, assess their financial health, and make strategic adjustments to improve sustainability, making it crucial for businesses to understand how to calculate them. Stick to it as much as possible but stay flexible to adjust for unexpected costs or changes in revenue.

Payroll 52

Payroll Adjustments Assessments Cost Structure 52