Cardfellow

MARCH 27, 2025

Interchange is a core component of credit card processing costs, with Visa setting the rates for each interchange category. For example, a business that doesnt use an EMV credit card machine and instead relies on magstripe swiping could see their transactions downgrade to Visa Non-Qualified.

Processors 52

Processors Credit Cards Transactions Risk 52

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. Dejavoo Z8 – The Z8 is similar to the Z11 in that it also supports EMV and NFC technology. With Stax, businesses often save up to 40% in payment processing costs.

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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

MARCH 5, 2025

These devices read the data on the EMV chip of a customer’s physical card, or securely accept the data being transmitted by NFC for a contactless payment. Interchange fees, assessment costs, monthly fees, and other expensesall factor into your overall payment processing costs.

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Credit Card Payment Processing Credit Cards Process Payment Gateways 88

Cardfellow

FEBRUARY 26, 2025

This is done instead of swiping a magnetic strip or dipping an EMV chip card. Costs to Accept Tap on Phone Tap on phone is considered a card-present transaction and your processor will charge card-present rates. It should not cost anything additional beyond your usual processing costs to accept tap on phone payments.

Contactless Payments 52

Contactless Payments Credit Cards Chip Cards Processors 52

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

PYMNTS

MAY 6, 2020

Larger merchants have an advantage in multiple areas, including processing costs, IT resources and distribution.” She noted that merchants, regardless of size or vertical, have the capacity to accept and promote contactless at the terminal, thanks to EMV. Here, the playing field becomes a bit more level, said Platko.

Consumer 87

Consumer Contactless Payments Push-to-Card Returns 87

Stax

APRIL 18, 2024

Interchange plus pricing Interchange plus pricing is a pricing model that charges based on whatever the interchange rates are at that particular moment, “plus” a markup fee that pays your processors processing costs — e.g., 2.1% + $0.10 This software needs to be EMV compliant to handle chip card transactions securely.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 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.

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Credit Cards Processors Process Card Issuer 52

Payment Savvy

JULY 3, 2024

EMV Chip Technology EMV (Europay, Mastercard, and Visa) chips generate unique, one-time codes for each transaction, making it much harder for fraudsters to clone or counterfeit debit cards.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

JANUARY 31, 2024

Mitigate credit card processing costs In addition to the above resources, you should also employ some or all of the following strategies to help keep credit card processing fees as low as possible. Use technology that supports lower-cost transaction methods (e.g., Educate yourself on how interchange rates are calculated.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

Evolve Payment

APRIL 12, 2023

Glenwood State Bank previously managed their merchant service options in-house but understood with accelerating technology, including EMV and Pin Chip, they needed to partner with a team that could help upgrade their customers and transition their customer portfolio. How can your bank improve its merchant processing services?

Community Banks 52

Community Banks Process B2C Treasury Management 52

EBizCharge

FEBRUARY 19, 2025

Some providers also offer surcharge options for businesses to pass processing costs to customers, further cutting costs. By offering features like email payment links, a bill pay portal, auto pay, mobile pay, and EMV devices, the top-rated EBizCharge payment gateway provides a comprehensive solution for modern payment needs.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52