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Everything You Need to Know About Credit Card Processing

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Stax Stripe Square PayPal Banks Contract Required No No No No Yes Early Termination Fees No No No No Yes Card Present Processing Pricing $99/month + 8¢ per transaction + interchange 2.9% + 30¢ per transaction (includes interchange) 2.6% + 10¢ per transaction (includes interchange) 2.7% One-Off Fees One-off fees are those that occur only once.

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The Top Payment Methods For Small Businesses

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It’s also perfect for businesses with a subscription-based (recurring payments) sales model. But while ACH transfers are cost-effective, long processing times that typically take 1-3 business days may make it unsuitable for certain transactions.

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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

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Additionally, ACH payments are processed in batches and take a few business days (though they’re usually cheaper), whereas wire transfers are processed individually and can be completed within the same day. These batches take up to a few days to get processed.