Stax
JANUARY 21, 2025
With payment methods like credit cards and mobile payments being table stakes these days, the Canadian payment processing landscape has gotten quite crowded with numerous processors and merchant service providers vying for business, each offering different features and fee structures. – Matt M.,
Stax
MARCH 5, 2025
Transaction fees and pricing structure Accepting payments comes with a price. Interchange fees, assessment costs, monthly fees, and other expensesall factor into your overall payment processing costs. These things can add up, so make sure to ask providers about how much they charge and compare different rates.
Stax
MAY 6, 2025
To give you some clarity, here’s a practical guide that answers the most common questions small business owners have about credit card processing. Learn More What is Credit Card Payment Processing? How Are Credit Card Payments Processed?
Stax
NOVEMBER 14, 2024
Both of these are the only mandatory fees associated with credit card payment processing since they are set by the credit card companies themselves. You are essentially paying Visa, Mastercard, Amex, and Discover for the ability to accept their cards.
Stax
SEPTEMBER 26, 2024
A credit card surcharge refers to the additional fee that credit card-paying customers absorb in exchange for convenience. It helps businesses maintain their pricing structure while offsetting credit card payment processing expenses. But the surcharge amount isn’t up to your discretion.
Stax
NOVEMBER 15, 2023
They significantly impact the cost of accepting card payments. Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards.
Stax
JULY 5, 2024
Credit cards are ubiquitous, and no business (regardless of its size) can afford to ignore credit card payment processing in the current landscape. On the flip side, however, credit card fees can eat away at your profits since a percentage of each credit card transaction goes toward processing fees.
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