article thumbnail

The Hidden Costs of Payment Processing No One Talks About

Clearly Payments

Monthly or Annual Fees What It Is: Some processors charge a flat monthly fee for services like payment gateway access or account maintenance. Gateway Fees What It Is: Fees paid to the payment gateway provider if you accept online payments. The gateway is the digital equivalent of a credit card terminal.

Process 105
article thumbnail

How Do You Offset Credit Card Processing Fees?

EBizCharge

Leverage level 2 and level 3 processing Level 2 and 3 processing refers to enhanced data processing options that allow businesses to submit additional transactions details, such as customer codes, tax amounts, or line-item product descriptions, along with the standard payment information. What is interchange optimization and how does it help?

article thumbnail

Finablr’s BayanPay Awarded Payments License From Saudi Authority

PYMNTS

Finablr , a Saudi Arabia-based global platform for payments and foreign exchange solutions, has announced that its network brand, BayanPay , has been awarded a license to provide payment services by the Saudi Arabian Monetary Authority (SAMA).