The Payments Association

OCTOBER 24, 2024

This convenience has led to widespread abuse, known as “friendly fraud” or chargeback misuse, where consumers file disputes without valid reasons. Chargeback abuse: A more granular look Chargeback abuse stems from cardholders disputing charges for illegitimate reasons. The overall net recovery rate for all disputes stands at just 18%.

Disputes 88

Disputes Non-Bank MFA Legal 88

Clearly Payments

FEBRUARY 7, 2024

Chargeback Rate The chargeback rate measures the percentage of transactions that result in chargebacks, which occur when customers dispute a transaction with their card issuer. High chargeback rates can negatively impact merchants by increasing costs, damaging reputation, and affecting payment processing eligibility.

Process 98

Process PCI DSS Processing Costs Payments 98

EBizCharge

JUNE 3, 2025

As a leading provider of integrated payment solutions, EBizCharge offers tailored services that support the complex needs of high-volume businesses, helping them streamline payment processing operations, improve cash flow, and reduce processing costs. Luckily, EBizCharge can help.

Volume 52

Volume Credit Cards Process CRM 52

Clearly Payments

MAY 1, 2025

That said, tariffs can indirectly raise costs: Higher product prices Higher transaction values Higher interchange fees. Increased chargebacks or returns Higher dispute management costs. Chargebacks : If product expectations or delivery timelines (especially on imported goods) are not met, dispute rates can rise.

Credit Cards 66

Credit Cards Process Cross-Border Disputes 66

EBizCharge

MAY 1, 2025

Chargeback fees can occur when a customer disputes a transaction. If the dispute is resolved in favor of the customer, the merchant is charged a fee to cover the processing cost of reversing the transaction.

Credit Cards 52

Credit Cards Process Processors B2G 52

EBizCharge

MARCH 20, 2025

Consider payment processing costs and ensure the provider complies with industry standards like PCI Compliance. Reviewing each providers functionality, payment collection tools, payment security, costs, and customer support will enable your business to make the best decision.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

Stax

MARCH 27, 2025

Digital payment methods paperless nature reduces check processing costs that can go as high as $4 to $20 per transaction. This makes it easy for businesses to track payments and resolve potential disputes. Checks can get lost without a trace, but electronic transfers leave behind a digital trail.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

The Fintech Times

MARCH 5, 2024

For businesses, sharing tracking data with PayPal can mean fewer customer disputes, as well as a streamlined resolution process that eliminates manual responses, which can reduce costs. The post PayPal Targets Abandoned Checkouts With ‘Complete Payments’ Launch appeared first on The Fintech Times.

PayPal 64

PayPal Small Business Debit Card Disputes 64

Stax

NOVEMBER 14, 2024

It’s important for small business owners like yourself to understand the pricing plans offered by various credit card processors (or merchant service providers) in the market, so you can compare their processing costs before you decide who to sign up with. They occur when a consumer disputes a certain charge to their account.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Fintech Finance

MARCH 5, 2024

For businesses, sharing tracking data with PayPal can mean fewer customer disputes, and a streamlined resolution process that eliminates manual responses, which can reduce costs. The post PayPal launches its most advanced solution for small and mid-sized enterprises in the UK appeared first on Fintech Finance.

PayPal 52

PayPal Small Business Disputes Debit Card 52

Stax

JANUARY 10, 2024

Viewing these costs individually makes it easier to understand what is contributing to your credit card processing costs and where you may be able to save money. Additional fees As well as the credit card fees mentioned above, there are a range of other fees that contribute to credit card processing costs for business owners.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Stax

SEPTEMBER 12, 2024

At Stax, we do things differently and offer subscription-based pricing with access to direct cost processing, and no hidden fees. That means that instead of taking a cut out of your sales, we’ll just charge a flat membership fee with wholesale credit card processing costs, saving you up to 40% in payment processing costs.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking Credit Cards Processors 88

Stax

JANUARY 21, 2025

You can also dispute chargebacks from your account. Some businesses may receive multiple terminals, which helps reduce physical payment processing costs. It has dedicated teams monitoring bank policy changes, looking out for the latest fraud methods, and acting swiftly.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Stax

MAY 6, 2025

Configure your payment settings Before you go live, fine-tune your setup with: Tax configurations based on local/state laws Receipt settings (email, SMS, printed) Tipping options for service businesses Refund and return policies User permissions and roles for your staff Notifications for payments, disputes, or failed transactions 5.

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

Stax

APRIL 10, 2025

Step 3: Calculate transaction fees and other associated processing costs Your choice of payment methods shouldnt come with too much overhead costs that they stifle your business. Be sure to evaluate the fees associated with each payment method to narrow down the payment options that wont be a burden to your finances.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

Stax

FEBRUARY 19, 2025

How to avoid unexpected expenses: Before signing an agreement, request a detailed breakdown of all potential fees.

Payments 88

Payments PCI DSS Compliance Risk 88

Synapse Payment Systems

AUGUST 25, 2022

You’ll have transaction data timestamped and tied to a customer’s card number—protecting you in the case of a dispute—and all of your funds will automatically transfer to your bank account. The biggest drawback is that these payment gateways have high processing costs on every transaction. on card-not-present transactions.

Small Business 130

Small Business Credit Cards Payment Gateways Gateways 130

EBizCharge

AUGUST 5, 2024

Billbacks often complicate the accounting process as they require retroactive adjustments to the revenue, leading businesses to use billback software or third-party billing software. Understanding how billbacks work allows businesses to accurately manage and predict their processing costs, ensuring there are no unexpected fees.

Best Practices 52

Best Practices Disputes Adjustments Processors 52

EBizCharge

MAY 13, 2024

Business owners and finance teams can use this data to make informed decisions, such as identifying trends in payment behavior and developing targeted strategies to address outstanding payments or to enhance the payment collection process. Cost savings: Shifting to an automated system can lead to substantial cost savings.

Automation 52

Automation Disputes Payments Process 52

Stax

NOVEMBER 11, 2024

When you’re selling products or services that cost thousands of dollars, you end up paying hundreds of dollars in credit card fees. Using ACH payments reduces your processing costs to a fraction of what you’d typically pay when a client uses a credit card. This also makes ACH payments ideal for high-value transactions.

ACH 88

ACH Checks Identity Theft Payments 88

PayHawk

JUNE 9, 2023

These services include payment processing, fraud prevention, and dispute resolution. Merchant service providers work with acquiring banks and credit card companies to process transactions and transfer funds from the customer’s account to the merchant ‘s account. What are Merchant Services ? Start Saving Money!

Debit Card 52

Debit Card Fraud Prevention Disputes Online and Mobile Banking 52

EBizCharge

JANUARY 6, 2025

For business owners, this practice isnt just a thoughtful nod to customersits a smart move to reduce payment processing costs and encourage more cash transactions. A key factor is displaying pricing policies to ensure transparency and avoid disputes. Have you noticed businesses offering lower prices for paying with cash?

Legal 52

Legal Adjustments Compliance Assessments 52

Stax

SEPTEMBER 26, 2024

Visa and Mastercard explicitly forbid surcharging on debit cards and prepaid cards to maintain consistency in processing costs. The amendment caps interchange fees for debit cards to reduce costs for merchants and consumers. Credit card-only restrictions Surcharges strictly apply only to credit card payments.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Fintech News

JANUARY 30, 2024

AI also plays a crucial role in identifying potential payment delays, such as disputes, and facilitates proactive resolution. This capability not only hastens the payment process but also enhances the accuracy of payment data, fostering trusted relationships in the business world.

Payments Trends 120

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 120

Stax

AUGUST 29, 2024

Predictable flat-rate pricing and billing A flat-rate pricing model is simple and transparent, which makes it easy for you to calculate and monitor your payment processing costs. Account freezes are in fact, one of the main drawbacks of PSPs, as well as processing costs that can become too high if you process high transaction volumes.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

EBizCharge

JUNE 28, 2024

It’s essential to check with legal counsel or financial advisors to align with the latest legal standards and avoid potential penalties or customer disputes. Credit card networks impose a cap on surcharges, typically restricting them to no more than the merchant’s cost to process credit card transactions or up to 3%, whichever is lower.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

EBizCharge

MAY 8, 2024

flat fee whether it processes a $100 or a $10,000 transaction. This fee model is often attractive to businesses with a high volume of transactions, as it allows for simple reconciliation with minimal variations in processing costs. For instance, a company might be charged a $0.50

ACH 52

ACH Checks Process ACH Network 52

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. Can you decrease interchange fees?

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. It offsets the card processing costs, transferring the financial obligation to the latter.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

EBizCharge

AUGUST 30, 2024

Similarly, the size of your business and the volume of credit card transactions you process can influence merchant service providers to offer volume discounts or more favorable terms, lowering overall processing costs. However, there are ways they can avoid some of those costs. online or over the phone).

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Segpay

MARCH 10, 2025

Chargeback Management Tools Segpay provides automated dispute resolution tools, helping gaming platforms minimize revenue loss due to fraudulent chargebacks. What Are the Costs Associated with Gaming Payment Gateways? Fraud Prevention & Compliance Fraudulent transactions increase operational costs and financial risks.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

EBizCharge

JUNE 7, 2024

How EBizCharge can enhance Magento payment processing EBizCharge is a top-rated payment gateway that significantly enhances Magento payment processing by streamlining the transaction experience for merchants and customers.

Payment Gateways 52

Payment Gateways Gateways Credit Cards Process 52

Payment Savvy

JULY 3, 2024

This means they would only allow customers to pay with their debit cards, While this approach isn’t right for every business, it can be especially useful for those that can’t handle credit card transactions, operate in industries where customers often dispute charges, or want to lower their processing fees.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

EBizCharge

JULY 25, 2024

These fees are intended to cover the cost associated with credit card processing fees, which merchants pay to credit card companies such as Visa, MasterCard, or American Express for each transaction. Traditionally, businesses absorb credit card processing costs, but with surcharging, they pass the fees directly to consumers.

Best Practices 52

Best Practices Credit Cards Compliance Debit Card 52

Stax

MAY 7, 2024

Chargeback fees – Sometimes, a customer opens a transaction dispute and seeks a refund of their payment. The payment processor is likely to charge a fee to cover the cost of conducting an investigation and processing the refund. How do chargebacks affect processing fees? For example, 2.1% + $0.10

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Exact Payments

JULY 12, 2024

a cross-border transaction fee) and are often paid on a per-transaction basis for processing transactions on a network’s rails. Chargeback fees A chargeback is a customer-filed dispute that results in the reversal of funds. This means they will also see a long list of itemized transactions and fees on their statements.

Assessments 52

Assessments Credit Cards PCI DSS Transactions 52

Nanonets

AUGUST 1, 2023

Automated routing and approval workflows eliminate the need to follow up on payments or deal with delayed transactions, leading to increased trust and fewer payment-related disputes. This also makes it easier to resolve any disputes or issues that may arise, leading to stronger, more collaborative relationships.

Automation 52

Automation Process Accounts Rules 52