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Processing Costs: Differences in Debit & Credit Cards

Basis Theory

How Credit and Debit Cards Compare The fundamental difference between a credit and debit card is whose money is being used in the transaction: with a credit card, the consumer is borrowing from the card issuer , while with a debit card they are using their own money, stored with the issuing bank.

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Qolo taps Quavo to lower dispute processing costs and fraud

The Paypers

Fraud and dispute management SaaS solutions provider Quavo has teamed with omnichannel payments platform Qolo to reduce dispute processing costs and fraud losses for issuing FIs.

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Dynamic Payment Routing - Retry Logic Routes

Basis Theory

Dynamic payment routing is an essential part of any comprehensive payment optimization strategy: getting the highest close rate at the lowest processing cost demands working with multiple payment service providers ( PSPs ).

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How SMBs’ Manual Processes Cost Economies Billions In Lost Growth

PYMNTS

Manual processes are expensive for small businesses, in both time and money. Taking time to crunch numbers or hand-pick data is a waste for SMB owners, for sure. But a new report from cloud accounting firm Sage has put a price tag on this burden: a whopping $600 billion for firms across the globe. Canada, U.K.

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Are Debit Card Surcharges Legal? What Businesses Need to Know

Stax

This article explores the legal landscape surrounding surcharges, shedding light on the intricacies of state and federal laws and strategies for small businesses to manage processing costs. Businesses can encourage cash transactions or use credit card surcharging as an additional fee to offset payment processing costs.

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KYC processes costs set to increase, Consult Hyperion study reveals

The Paypers

(The Paypers) The total cost of KYC processes for financial institutions is set to increase by 20% in the upcoming period, a report from Consult Hyperion has revealed.

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The Top Payment Processing Metrics and KPIs for Merchants

Clearly Payments

Payment Processing Costs Payment processing costs encompass various fees and expenses associated with processing transactions, including interchange fees, processing fees, and chargeback fees. Monitoring payment processing costs is essential for managing expenses and optimizing profitability.

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