This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
If you’re running a large business and processing a high volume of payments every month, youre likely wondering if there’s room to reduce your payment processing fees. In this post, well explain how payment processing fees work, why high-volume merchants have more leverage, and what kind of rates you might be able to negotiate.
As businesses grow and transaction volumes increase, the need for a dependable and scalable payment processing solution becomes critical. This article will explore what high-volume merchants are, the key features and benefits they provide, and how EBizCharge helps high-volume merchants thrive in fast-paced, competitive markets.
It assesses whether the new policy is effectively protecting consumers and reducing fraud, while also highlighting ongoing challenges and debates about a broader, cross-sector approach to tackling APP fraud. Why is it important? What’s next? We also advocate for a cross-sector industry approach to data sharing.
Interchange and assessment fees are set by card networks and are non-negotiable. Assessment fees Assessment fees go to the payment network or the credit card network. In the previous example, Mastercard retains the assessment fee from the overall credit card processing fee. This helps the processor recoup lost revenue.
Companies can analyze BIN data to track transaction patterns, better understand customer demographics, and assess risk in different regions or among various card types. This information helps payment processors and merchants verify transactions, assess risk, and streamline payment workflows for secure and reliable transactions.
Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application. Pricing models vary and each can benefit specific business types and transaction volumes: Flat-rate pricing. Understand your budget and transaction volume.
The Radar expansion comes after Stripe saw a 40 per cent increase in noncard payment volume. Radar assesses over 1,000 characteristics of a potential transaction to quickly determine the likelihood that its fraudulent. Bank debits often have a longer settlement period compared to cards (up to four days).
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. Why Its Hidden: This small per-transaction fee might not seem like much, but for a high-volume business, these costs add up quickly.
These fees include interchange fees, assessment fees, and processing fees. Assessment fees Assessment fees are charges imposed by the card networks (Visa, Mastercard, American Express, Discover) to support their operations, including marketing, network maintenance, and the development of new technologies.
Radar assesses more than 1,000 characteristics of a potential transaction in order to determine, in less than 100 milliseconds, the likelihood that it’s fraudulent. Ben Winfield, Radar product manager, wrote on LinkedIn : “Over the last year, we’ve seen a 40% increase in noncard payment volume on Stripe.
To find the cheapest credit card processing company for your business, you have to assess your industry, specific business needs, the transaction fees of each provider, and the contract terms on offer. This means you pay the applicable rate for the tier your volume of transactions falls under for a particular month.
The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?
Businesses use ACH API integration to lower payment processing costs, streamline high-volume or recurring payments, and improve payment status visibility. Using an API to process ACH payments allows you to minimize fees, especially for high-volume or recurring payments, such as payroll or vendor disbursements. What is an ACH API?
Review factors like fees, contract terms, supported payment methods, and business fit—especially if you’re high-volume, high-risk, or multi-location. Third-party processors are easier to get started with, but may come with limitations especially as your processing volume grows.
The 4 Levels of PCI-DSS Compliance PCI-DSS compliance is segmented into four levels based on the volume of payment card transactions an organization processes annually. Requirements : Completion of a Self-Assessment Questionnaire (SAQ) and quarterly external scans. Continually assess and refine your systems to address evolving threats.
With over two million customers across the US, UK, Canada, and Europe, $1 billion in monthly transaction volume, and with expansions in Asia and Latin America, this approach has seen the platform grow 30% month-on-month. Following the recent $53 million Series B funding led by Highland Europe, credit is the next frontier.
Chargeback volumes have increased 25% annually over the past three years, pushing financial institutions to reconsider their manual processing approaches. The traditional approach — teams of analysts reviewing disputes, gathering documentation, and crafting responses — struggles to keep pace with growing volumes.
It could enable self-optimising financial assistants, adaptive credit assessments, and proactive compliance monitoring, making financial services more intelligent, efficient, and inclusive.
SaaS businesses often handle significant volumes of sensitive cardholder data due to the nature of their services. SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). Q2: How Often Should We Conduct PCI DSS Assessments? updates check out our PCI DSS 4.0
SaaS businesses often handle significant volumes of sensitive cardholder data due to the nature of their services. SaaS providers must assess and monitor these vendors to ensure they meet PCI DSS requirements as well ( Requirement 12.8.4 ). Q2: How Often Should We Conduct PCI DSS Assessments? updates check out our PCI DSS 4.0
Assessment fees: Assessment fees are charges imposed by the card brands themselves. Additionally, businesses should assess the cheapest payment processor specializing in and supporting surcharging. Predictable margins, especially if you process a high volume of monthly transactions.
With tools like machine learning, deep learning, natural language processing and large language models, AI can analyse huge volumes of data in real time helping to make faster, more accurate decisions. AI systems can instantly assess whether a transaction seems legitimate, spotting issues before they even reach a human reviewer.
A payment consultant assesses your current payment infrastructure and identifies the best path forward. Infrastructure: Building a Scalable and Future-Ready Payments Stack Enterprises often operate on a varied technology stack of payment systems built up over years and sometimes decades.
Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks. Real-time monitoring tools must be implemented to detect suspicious patterns, while AI-driven risk assessments can help identify emerging threats in cross-border transactions.
Compliance with PCI DSS requirements is typically validated through assessments and audits conducted by Payment Card Industry qualified security assessors ( PCI QSAs) or Payment Card Industry self-assessment questionnaires ( PCI SAQs) depending on the merchant level and the volume of card transactions processed.
The study assessed the outcomes for an organisation that had adopted the solution, based on an interview with a decision-maker. By centralising AML monitoring and automating key workflows, the solution helped reduce alert volumes and improve collaboration.
The ideal payment gateway should match your business model, target audience, transaction volume, and nature of products or services. However, it might only be suitable for smaller transaction volumes. This model is more transparent and cost-effective for businesses with higher sales volumes. The percentage ranges from 0.2%
As your transaction volume increases and your systems expand, so does the need for infrastructure that can handle the pressure without slowing you down. These services cater to enterprise merchants by providing tools for handling high transaction volumes, varying payment types, and multiple payment methods.
Variable fee structures are frequently implemented by payment processors, which are contingent upon the volume of transactions, the region, and the manner of payment. Especially for high-volume merchants that operate across numerous regions and currencies, these savings accumulate over time.
These fees can vary depending on factors like card type and transaction volume. 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.
It can be challenging to assess which is the cheapest payment processing for your business because it depends on several factors—notably, your monthly sales volume and average transaction size. Markup pricing is usually cheaper if you do a low sales volume and primarily process card present transactions.
As threats continue to grow in both volume and sophistication, platform operators must find new ways to balance commercial agility with robust risk oversight. High-volume onboarding, open ecosystems, and decentralised merchant networks create ideal conditions for abuse. Why platforms are exposed Platform models are uniquely vulnerable.
Assessment Fee A fee charged by the card networks (Visa, Mastercard, etc.). Markup The amount the processor adds on top of interchange and assessments. Effective Rate Your total fees divided by total volume. Underwriting The process of assessing risk before approving a merchant account. businesses and freelancers.
These fees typically include interchange fees, which go to the card-issuing bank, assessment fees charged by the card networks, and payment processor fees for handling the transaction. Factors like transaction volume, payment speed, and the type of ACH transfer can also influence the overall cost.
These metrics provide valuable insights into various aspects of payment processing, including transaction volume, customer behavior, and financial health. Transaction Volume (aka Total Sales) Transaction volume is a fundamental metric that measures the total number of transactions processed within a specific timeframe.
In this data-driven economy, risk assessment demands more than simply evaluating whether a customer will pay their bills. Complex Supply Chains: With global and multi-tiered supply chains, companies need to assess not just their direct partners but also their partners’ partners. Editors Note: Want to learn more?
These metrics can span across different functional areas, including transaction volume, processing times, customer satisfaction scores, fraud rates , and many more. They serve as the foundation for assessing the overall health and performance of a payments business. This metric indicates the scale of operations.
Traditional banks continue to hold a significant portion of the market, with Traditional Commercial Banking expected to dominate in the Americas with a projected market volume of US$546.37 In Switzerland however, Traditional Commercial Banking is also projected to hold the largest market share, with an expected volume of US$40.07
In a strategic move, AhaPay is carefully curating its initial cohort of merchants with the aim of boosting their sales volume by 20-30%. We conduct thorough affordability assessments to ensure Malaysians are not further burdened by increasing household debt.”
It can help to estimate how much youll pay in fees each month or each year based on your sales volume. Assess Security Measures Check if the processor offers advanced security features like PCI compliance , tokenization, and encryption. Compare Fee Structures Look at transaction rates, monthly fees, setup fees, and any hidden costs.
This approach leverages data to assess creditworthiness, differentiating it from traditional banks. The bank’s average loan size in Singapore is approximately US$6,000, and it plans to grow profits through higher volumes and cost-efficient digital operations.
Level 2 processors can submit a Self-Assessment Questionnaire (SAQ) instead. Its also worth noting that a Level 2 service provider according to its transaction volume can optionally choose to get validated as a Level 1 service provider and use a QSA for validation. Check out Help with PCI Self-Assessment Questionnaire for more info.
Machine learning is particularly transformative in various fintech applications, such as personalised financial advice and risk assessment, marking a transformative shift in financial methodologies towards more advanced, data-driven approaches. It is essential to mitigate these risks to prevent potentially devastating impacts.
Across various sectors, boards of directors are increasingly mandated to assess and disclose the effectiveness of risk management processes within their respective organizations. AI aids loan decisions, assessing individual risk profiles for granting loans and setting rates. This helps lenders proactively tackle credit risks.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content