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.

Credit Card Payment Processing

Stax

MAY 23, 2025

EMV, NFC, etc). enrollment status, credit card processing activity, payment processing costs, etc.) to be able to resolve customers’ payment processing issues. Stax Connect can provide a frictionless onboarding process while offering peace of mind.

ISVS

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

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

EBizCharge

JUNE 12, 2025

While merchant accounts can offer numerous benefits, Canadian businesses may still face some obstacles when processing payments. 7 common payment processing challenges for merchants Canadian merchants may encounter several challenges when it comes to processing payments and managing financial operations.

Process

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. The chip does not affect the price of processing payments.

Chip Cards

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.

Credit Cards

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

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.

Online and Mobile Banking

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

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

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.

Credit Cards

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

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

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

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