Remove CHIPS Remove Payments Strategy Remove Processing Costs
article thumbnail

How are Interchange Fees Calculated?

Stax

Security technology Additional security measures like EMV chip cards and contactless payments can both influence interchange fees. Since EMV chip transactions are harder to counterfeit, they often come with lower fees than traditional magnetic stripe payments. One way to do this is to encourage card-present transactions.

article thumbnail

Visa Interchange Rates 2024: What You Need to Know

Stax

Stay informed through industry publications that discuss changes in interchange rates, regulations, and trends affecting payment processing. Consider consulting with financial advisors, payment processing experts, or industry specialists who can offer personalized guidance on optimizing payment strategies.