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

Stax

For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Even if you consider them to be a cost of doing business, credit card fees can quickly eat away at your already slim profit margins. Let’s get started.

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The Credit Card Chargeback Process Explained: What Merchants Need to Know

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As consumers, most of us have looked at last month’s credit card statement and experienced the panic of not recognizing a charge. But credit card chargebacks also occur for a variety of other reasons and they’re not always honest. What Are Credit Card Chargebacks?

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What is the Credit Card Business and Who Makes Money Off Them

Clearly Payments

The credit card industry is one of the most profitable and complex financial sectors in the world. Credit cards are used by billions of people for everyday transactions, allowing them to make purchases without needing immediate cash. Credit Card Market Size, Trends, and Key Statistics in Canada, the U.S.,

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Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

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When you research payment solution providers , you’ll start hearing the term “interchange” used when talking about payments. Interchange is the fee that credit card companies like Visa and Mastercard charge businesses to accept their cards. How much does interchange cost?

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Cake by VPBank Leverages Visa for Cloud-Based Card Management

Fintech News

Cake by VPBank, a Vietnamese digital bank, has collaborated with Visa to launch a cloud-based card management system (CMS). The system, built on Google Cloud infrastructure and using Visa Cloud Connect, integrates with Visa’s global payment network.

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Singapore Businesses Can Now Accept UPI Payments via HitPay

Fintech News

The integration gives businesses access to over 450 million UPI users in India, offering a cost-effective alternative that can save merchants up to 50% on fees compared to traditional credit cards. HitPay plans to introduce DuitNow in Malaysia and other regional payment solutions in 2025.

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How are Interchange Fees Calculated?

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In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. A survey by Forbes Advisor also revealed that 33% of consumers prefer to use credit cards as they’re safer than carrying cash. have higher fees compared to basic payment cards.