Stax

MARCH 13, 2025

In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Transactions at points-of-sale where a customer physically swipes or inserts their card have lower interchange fees. One way to do this is to encourage card-present transactions. Contact us

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

Stax

MAY 6, 2025

The process begins from the moment the customer makes a card payment to the point when the transaction is authorized and settled. Both dipping and tapping require an EMV chip card that generates a unique one-time code for every transaction. Q: What are the key parties involved in processing a credit card transaction?

Credit Cards 88

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

Stax

MARCH 5, 2025

Think of the gateway as the online equivalent of a card reader or point of sale (POS) system in a brick-and-mortar store. Together, these three parties facilitate the online payments process. They also often provide the actual equipment you need to accept credit card payments, like the point of sales (POS) terminal.

Credit Card Payment Processing 88

Credit Card Payment Processing Credit Cards Process Payment Gateways 88

Stax

JANUARY 5, 2024

Selecting the right payment processing terminal will not only help reduce your processing costs, but it’ll also increase your profits. These are referred to as “card-present” transactions, which basically just means the cardholder and credit card is physically present at the time of sale.

Credit Cards 88

Credit Cards Debit Card EMV CHIPS 88

Clearly Payments

NOVEMBER 17, 2023

This article explores practical strategies to help businesses lower their credit card payment processing costs, offering insights to enhance financial efficiency. This proactive approach allows businesses to not only save on processing costs but also stay ahead in a rapidly changing payment landscape.

Credit Cards 52

Credit Cards Process EMV Processors 52

Stax

APRIL 18, 2024

The steps to process a credit card transaction Step 1: Authorization Request The process initiates when a customer presents their credit card for payment. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Payment Savvy

JULY 3, 2024

Let’s take a closer look at each stage: Authorization The process begins in person or online. The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal.

Debit Card 52

Debit Card Process PCI DSS Processors 52