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How are Interchange Fees Calculated?

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Keep card networks up and running Large, global infrastructures are required to process massive volumes of transactions safely and efficiently. Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.). of the transaction value plus $0.10

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Understanding Payment Processing Costs in Acumatica and How You Can Save

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These fees cover the cost of securely transmitting payment data, encrypting sensitive data, and authorizing transactions in real-time. Chargeback and dispute fees: Chargeback and dispute fees are costs merchants incur when a customer disputes a transaction and requests a refund through their credit card issuer.

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Exploring Alipay: How it Works & Whether Western Merchants Should Accept It

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Rooted in the Alibaba Group’s ecosystem, Alipay has established partnerships with several financial institutions, emphasizing Chinese card issuers such as UnionPay. It employs advanced banking-standard security protocols, such as end-to-end data encryption and Secure Socket Layer (SSL) protocols, to safeguard client data.

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What is a Payment Gateway and How Does It Work?

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Most payment gateways come with features like fraud detection and data encryption that are specifically geared towards keeping your customers’ payment information secure. The gateway performs this function by connecting to debit card/credit card networks such as Visa, Mastercard, Discover, or American Express.