Clearly Payments
JANUARY 15, 2025
The Many Types of Payment Processing Fees Below is a breakdown of the lesser-known or hidden fees that can show up on your monthly statements: Interchange Fees What It Is: The fee paid to the card-issuing bank every time a customer buys something with a credit or debit card. Cost Range: Usually 1.5%3.5% The processor charges a higher rate.
The Payments Association
MAY 12, 2025
Now, thanks to open banking and the EUs Instant Payments Regulation (IPR), regulated businesses are rethinking whats possible: real-time transactions, richer customer insight, and smoother experiences, all while staying compliant. These flows are authenticated directly with the bank, which builds trust while cutting out intermediaries.
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The Payments Association
JULY 19, 2025
This reclassification has significant regulatory and commercial consequences for the EMI sector, potentially raising compliance costs, impacting bank partnerships, and limiting innovation. The rationale centres on several key factors: The speed and scale at which EMIs can onboard customers, Their provision of bank-like services (e.g.
Stax
APRIL 3, 2025
Its the bridge between an eCommerce website, its customers, and the bank. Its the third-party service that serves as the link between the payment gateway, acquiring bank, and issuing bank or card network. It works in tandem with the customers bank or credit card provider to verify and authorize the transaction.
Finextra
JULY 2, 2025
What began as CSR reporting has grown into real-time green incentives, making ESG a key strategy for both companies and banks. Banks and Fintechs now add sustainability scores to every payment. Some banks even offer higher deposit rates when companies hit diversity or emissions goals. ESG reporting started as a voluntary effort.
Stax
NOVEMBER 21, 2024
A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.
Stax
MAY 13, 2025
Interchange fees are the base fees charged by card-issuing banks to process a transaction. It works by passing the actual interchange fee (set by card networks like Visa and Mastercard) directly to you, plus a small markup from the payment processor. These vary based on card type, transaction volume, and risk level.
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