Stax

MARCH 27, 2025

It seems straightforward for clients, but behind the scenes, a financial institution keeps the process in check. They check for fraud and fund availability (Verification) before depositing the money into your account (Completion). EFT comes in many forms that suit different business needs.

ACH

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

Cardfellow

JUNE 16, 2025

If FedNow is offered by a customer’s bank as a P2P option to pay someone immediately (similar to Venmo or PayPal) the customer will need to have those funds available. Some in the financial world claim that FedNow could actually reduce processing costs. They can continue to use their credit cards as they always have.

FedNow

Clearly Payments

JULY 4, 2024

Lodging (Hotels) : Transactions in the lodging industry often involve larger amounts due to the nature of the services provided, leading to higher interchange fees to cover the increased risk and processing costs. These lower rates help maximize the funds available for their charitable activities. and 2.40% + $0.10

Visa