Remove Chip Cards Remove Encryption Remove Processing Costs
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How are Interchange Fees Calculated?

Stax

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.). Contact us

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Everything You Need to Know About Credit Card Processing

Stax

It’s important for small business owners like yourself to understand the pricing plans offered by various credit card processors (or merchant service providers) in the market, so you can compare their processing costs before you decide who to sign up with. Chips uniquely encrypt the card information each time it is used.

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The Rise of Contactless Payments and Tap on Phone

Cardfellow

Tap on phone (or tap to phone as Visa calls it and tap to mobile for Amex and Discover) is a contactless payment method where customers tap a sellers smartphone instead of a credit card machine to pay. Is contactless the same as a chip card? Costs to Accept Tap on Phone Do all processors offer tap on phone?

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

Interchange plus pricing Interchange plus pricing is a pricing model that charges based on whatever the interchange rates are at that particular moment, “plus” a markup fee that pays your processors processing costs — e.g., 2.1% + $0.10 This software needs to be EMV compliant to handle chip card transactions securely.

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What Is Debit Card Processing & How Does It Work?

Payment Savvy

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.