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Payment Processing for Small Businesses: What They Don’t Tell You

Clearly Payments

Cash Discounting and Surcharging To offset processing costs, some businesses use cash discounting or surcharging: Cash Discounting Offering a small discount (usually 3-4%) for customers who pay with cash instead of a card. The chargeback rate should stay below 1% going above this can lead to fines or even account termination.

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Merchant survey 2025: Navigating the payment innovation divide

The Payments Association

Momentum for open banking solutions will continue growing beyond this year, so merchants need flexible and scalable payment processes that meet consumers' evolving needs for fast and secure payments."

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The Ultimate Guide to Online Payment Processing

Stax

You must set up a cryptocurrency wallet to accept digital currency and also implement a medium for customers to provide their own wallet address and the payment amount they are sending. If you plan to reach a global audience, then a multi-currency payment gateway is a must. Another thing to activate are email notifications.

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Everything You Need to Know About Credit Card Processing

Stax

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. Here’s what to consider when handling global transactions.

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5 Signs Your Business Has Outgrown Square

Cardfellow

While Squares flat rate structure is predictable and looks less complex, its often not the most cost-effective. Interchange plus models can often save you money – sometimes significant amounts – over flat rate processing. Other processors can more effectively handle international payments and multiple currencies. #5.

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Canadian Merchant Accounts: Top-Rated Payment Processing with EBizCharge

EBizCharge

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.

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What’s the Best Payment Processor for Small Business?

Stax

Consider Flexibility and Scalability As your business grows, your payment processing needs may evolve, so it’s important to choose a provider that offers flexibility and scalability. So while it may be simple, it typically results in higher overall processing costs for most established businesses.