Stax
MARCH 13, 2025
Apart from keeping complex payment structures running, interchange fees compensate issuing banks for taking on cardholder credit risk, and help card companies fund rewards programs. According to data released by CMSPI , businesses ended up paying more than $220 billion in card processing fees in 2023. Contact us
Stax
AUGUST 29, 2024
PSPs share the credit costs for fraudulent transactions and chargebacks , which is why their platforms tend to come with advanced features for detecting and preventing fraudulent transactions. Credit risks created by fraudulent activities are also the reason why most PSPs prohibit high-risk merchants from their platforms.
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EBizCharge
AUGUST 15, 2024
These fees are incurred by merchants for each transaction and are paid to the card-issuing banks as compensation for handling the credit risk and processing the payment. Pass-through fees are essential for merchants since they directly impact overall credit card processing costs.
Stax
APRIL 18, 2024
These fees are charged whenever a credit card or debit card transaction is made, whether they checkout in-person, online or through digital payment. The basis for these fees is the credit risk that these financial institutions take on when handling credit card transactions. per transaction.
Clearly Payments
JULY 4, 2024
Interchange fees cover the cost of transaction handling, fraud prevention, and credit risk associated with the transaction. Why Industries Pay Different Interchange Fees Industries pay different interchange rates due to several key factors that influence the cost and risk associated with processing transactions.
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