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The Hidden Costs of Payment Processing No One Talks About

Clearly Payments

Why Its Hidden: This small per-transaction fee might not seem like much, but for a high-volume business, these costs add up quickly. Example: For B2B and B2G (government) transactions, providing additional data like invoice numbers and purchase order info can lower your rates. Cost Range: Often $0.01$0.10 per transaction.

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How Do You Offset Credit Card Processing Fees?

EBizCharge

These fees can vary depending on factors like card type and transaction volume. While transparent, it may not always be the most cost-effective pricing structure for high-volume merchants. These programs can reduce the volume of card transactions, thereby lowering the interchange fees associated with them.

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How Governments Navigate ACH Payments Innovation

PYMNTS

Yet ACH volume is on the rise, and that includes in the B2B payments context. percent year-over-year increase in ACH transaction volume for the first quarter of 2020, with B2B payments adoption accelerating even faster, posting an 11.7 percent volume increase in Q1 — and accounting for 1 billion transactions.

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Innovation Eases The Friction Of Global Payment Rails

PYMNTS

With in-person payments for fines and fees no longer possible, government entities at the local and state levels are seeing a surge in ACH volume, according to Jeff Thorness, president of Forte Payment Systems, a CSG company.

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Here’s What’s Up In Corporate Spend

PYMNTS

252 million eInvoices were sent across the EU in 2015 , most of which were B2B or B2G, according to new data from the European E-invoicing Service Providers Association. The EESPA numbers represent a 27 percent growth over 2014 volumes, attributed to increased adoption of digital invoices, as well as heightened membership in the association.

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Pix Goes Global: PagBrasil Enables Pix Payments for Tourists and Businesses

The Fintech Times

It’s worth highlighting that Pix also supports B2B (business-to-business), P2G (person-to-government), and B2G (business-to-government) transactions. PagBrasil expects transaction volume for International Pix to reach $1.2billion by 2025.

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What Is Accounts Receivable Factoring?

EBizCharge

It’s usually a percentage of the total invoice value and can vary depending on the agreement length, receivable volume, and the payment history of the invoiced customers. If the factor’s fee is 3% on a $100,000 invoice volume, the company would incur a $3,000 fee.