Contactless Payments, Processing Costs and Visa

The Rise of Contactless Payments and Tap on Phone

Cardfellow

FEBRUARY 26, 2025

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. In this article, well go over contactless payments and specifically tap on phone. What are contactless payments?

Contactless Payments

Contactless Payments Credit Cards Chip Cards Processors

How are Interchange Fees Calculated?

Stax

MARCH 13, 2025

Every time a customer makes a payment with a credit or debit card, the merchants acquiring bank pays a fee to the customers card issuing bank. Although these fees go to the issuing bank, the rates are set by card networks like Discover, American Express, Visa , and Mastercard. per transaction. per transaction. per transaction.

Debit Card

Debit Card Credit Cards Processors Processing Costs

Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?

Stax

APRIL 8, 2025

Merchants can, however, negotiate with their payment processor to cut costs, tweak pricing, or secure better rates. Choosing a credit card processor that offers transparent pricing, strong customer support, and top-tier security is the key to lowering processing costs. to 2.95% + $0.10 0.14% Visa 1.15% + $0.05

Credit Cards

Credit Cards Process Processors Push-to-Card

Webinars

Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

MORE WEBINARS

Payment Processing for Small Businesses: What They Don’t Tell You

Clearly Payments

FEBRUARY 10, 2025

Card Networks Companies like Visa, Mastercard, and American Express ( credit card networks ) that set processing rules and fees. The Costs You Dont See One of the biggest surprises for small businesses is the actual cost of accepting credit and debit cards. Contactless payments grew by 150% between 2020 and 2023.

Small Business

Small Business Process Address Verification System (AVS) Cross-Border

The Ultimate Guide to Accepting Credit Card Payments

Stax

MAY 6, 2025

Credit cards are a staple in the wallets of consumers today, and they will undoubtedly be a payment method of choice for years to come, particularly as the adoption of mobile and contactless payments continues to grow. In fact, ResearchAndMarkets.com forecasts the global credit card payment market to grow to $762.16

Credit Cards

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing

What It Takes To Get Consumers (And Merchants) To Go Cashless, Contactless – And PIN-less

PYMNTS

MAY 6, 2020

The appeal of contactless payments has skyrocketed since the pandemic hit across the globe. Payment network giants such as Visa and Mastercard said in their most recent earnings reports that contactless payments , especially in face-to-face transactions, surged by double digits year over year.

Consumer

Consumer Contactless Payments Push-to-Card Returns

Understanding Interchange Fees: A Canadian Merchant’s Guide

Clearly Payments

JANUARY 16, 2024

What are Interchange Fees in Canada Interchange fees are charges levied by credit card issuers (such as Visa, Mastercard, and others) to merchants for accepting and processing electronic payments. These fees serve as compensation for the risks and costs associated with facilitating electronic transactions.

PCI DSS

PCI DSS Debit Card Processors Credit Cards

Everything You Need to Know About Credit Card Processing

Stax

NOVEMBER 14, 2024

Merchant: The individual business accepting the payment and in need of credit card processing. Card Association: Visa, Mastercard, American Express, and Discover. Both of these are the only mandatory fees associated with credit card payment processing since they are set by the credit card companies themselves.

Credit Cards

Credit Cards Process Online and Mobile Banking Payment APIs and Integration

How Much Do Credit Card Companies Charge Merchants?

Stax

JANUARY 10, 2024

The exact rate can vary based on several factors, including the type of card used (debit or credit), the card brand (Visa, MasterCard, etc.), the merchant’s business type, and the terms of the merchant’s agreement with their payment processor. Usually, interchange fees will range between 0.3-2%

Credit Cards

Credit Cards Processors Debit Card Processing Costs

How to Successfully Implement a Credit Card Surcharge Program In Your Business

Stax

FEBRUARY 28, 2024

Customers who want to use their credit card have to pay an additional fee covering the processing costs. It makes it easier for merchants to make the switch to accepting non-cash payment methods like credit cards or contactless payments, which are often seen as more convenient for customers, but can come at a steep price.

Credit Cards

Credit Cards Debit Card Legal Laws

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

Stax

APRIL 18, 2024

Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments. Visa, Mastercard): The intermediary networks facilitating transactions between acquiring and issuing banks. Card Network (e.g.,

Credit Cards

Credit Cards Process Online and Mobile Banking Processors

Credit Card Surcharge Sign Wording and Template: How to Create Effective Notice for Your Surcharging Program

Stax

APRIL 2, 2024

While some businesses have accepted swipe fees as a way of life, small business owners may struggle with remaining profitable while also providing a range of payment options. That means if a customer wants to make a credit card purchase, they’ll be charged an additional fee to cover the payment processing costs.

Credit Cards

Credit Cards Best Practices Legal Compliance

EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. This is due to the fact that PIN debit processing costs are often lower than credit card processing costs. NFC technology is commonly used in contactless payment systems, mobile payment apps (e.g.,

Chip Cards

Chip Cards CHIPS EMV Debit Card

What is B2B Payments Processing and How Do You Implement It?

Stax

MARCH 14, 2024

consumers using two or more types of digital payment methods increased by 8%. Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. Industry data shows that the B2B payments landscape is rather diverse.

B2B

B2B Process B2C Credit Cards

How to Find the Right Credit Card Terminal for Your Business

Stax

JANUARY 5, 2024

There are many different types of payment terminals to choose from, and you need one that’s going to help your business operate the most efficiently. Selecting the right payment processing terminal will not only help reduce your processing costs, but it’ll also increase your profits.

Credit Cards

Credit Cards Debit Card EMV CHIPS

How Much Do Credit Card Companies Charge Merchants?

EBizCharge

AUGUST 30, 2024

Assessment fees Assessment fees are relatively small but consistent fees charged by credit card networks like Visa, MasterCard, American Express, and Discover. These fees support the network’s operational costs, including maintaining the credit card system’s infrastructure and ensuring secure and efficient payment transactions.

Credit Cards

Credit Cards Processors Process Card Issuer

5 Benefits of ACH Payments Over Check Payments

Stax

NOVEMBER 11, 2024

TL:DR ACH Payments are essentially digital check payments. They are an additional type of payment you can take along with debit card transactions and credit card payments from card networks like Mastercard, Visa, American Express, and Discover. Or mobile wallet payment solutions like Google Pay and Apple Pay.

ACH

ACH Checks Identity Theft Payments

What Is Debit Card Processing & How Does It Work?

Payment Savvy

JULY 3, 2024

Types of Debit Card Processing & Technologies Card-Present Transactions PIN-based Debit Cards : a debit card transaction where the customer enters a PIN for verification. Contactless Payments : Using NFC (Near Field Communication) and RFID (Radio Frequency Identification) for debit card transactions.

Debit Card

Debit Card Process PCI DSS Processors

Payments Space

The Rise of Contactless Payments and Tap on Phone

How are Interchange Fees Calculated?

Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?

Webinars

Payment Processing for Small Businesses: What They Don’t Tell You

The Ultimate Guide to Accepting Credit Card Payments

What It Takes To Get Consumers (And Merchants) To Go Cashless, Contactless – And PIN-less

Understanding Interchange Fees: A Canadian Merchant’s Guide

Everything You Need to Know About Credit Card Processing

How Much Do Credit Card Companies Charge Merchants?

How to Successfully Implement a Credit Card Surcharge Program In Your Business

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

Credit Card Surcharge Sign Wording and Template: How to Create Effective Notice for Your Surcharging Program

EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

What is B2B Payments Processing and How Do You Implement It?

How to Find the Right Credit Card Terminal for Your Business

How Much Do Credit Card Companies Charge Merchants?

5 Benefits of ACH Payments Over Check Payments

What Is Debit Card Processing & How Does It Work?

Stay Connected