Chip Cards Point-of-Sale (POS) Processing Costs 
Stax
OCTOBER 21, 2024
Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. These transactions are usually made with physical credit or debit cards that are swiped or inserted into chip card readers.
Stax
MARCH 13, 2025
Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Contact us
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Stax
MAY 6, 2025
The process begins from the moment the customer makes a card payment to the point when the transaction is authorized and settled. Essentially, swiping, dipping, and tapping are the three ways that customers can make in-person payments with a credit or debit card. Q: How do businesses accept credit card payments?
Stax
JANUARY 5, 2024
Selecting the right payment processing terminal will not only help reduce your processing costs, but it’ll also increase your profits. TL;DR A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions.
Stax
APRIL 18, 2024
The steps to process a credit card transaction Step 1: Authorization Request The process initiates when a customer presents their credit card for payment. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.
Payment Savvy
JULY 3, 2024
Let’s take a closer look at each stage: Authorization The process begins in person or online. The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal. PCI DSS Compliance This is the cornerstone of debit card security.
Expert insights. Personalized for you.
88 
Let's personalize your content