Clearly Payments

JANUARY 21, 2025

Compliance Issues: Governments must adhere to strict regulations like PCI DSS, which can be difficult with aging systems. Regulatory Compliance: Modern platforms come pre-configured to meet standards like PCI DSS , GDPR, and local regulations.

Government Payments 59

Government Payments Governance Government PCI DSS 59

Stax

APRIL 10, 2025

And the fact that we dont have established local and international regulations managing their usage means people have little legal recourse if things go wrong. 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.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

Clearly Payments

FEBRUARY 7, 2024

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.

Process 98

Process PCI DSS Processing Costs Payments 98

Stax

MARCH 27, 2025

They share several key characteristics, including: Cost-effective and reliable digital transactions ACH and EFT both enable direct bank-to-bank transfers, reducing the costs and security issues associated with cash and checks. ACH has its own set of regulations and unique benefits.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Stax

DECEMBER 20, 2023

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.

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

Stax

MARCH 11, 2025

Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Stax

JANUARY 15, 2024

Are you struggling with resource constraints caused by soaring credit card processing costs? TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. It offsets the card processing costs, transferring the financial obligation to the latter.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

EBizCharge

MAY 1, 2025

If the dispute is resolved in favor of the customer, the merchant is charged a fee to cover the processing cost of reversing the transaction. When implementing surcharging, its imperative to comply with regulations and guidelines set by credit card networks and local state legislatures.

Credit Cards 52

Credit Cards Process Processors B2G 52

Stax

MAY 23, 2025

Industry experience and credibility Payments are complex, regulated, and fast-moving. enrollment status, credit card processing activity, payment processing costs, etc.) to be able to resolve customers’ payment processing issues. Heres how to select the best provider.

ISVS 88

ISVS Best Practices Payment APIs and Integration Enrollments 88

EBizCharge

MAY 5, 2025

In a surcharge setup, the business adds a fee to the customers total only when a credit card is used, making the cost of card acceptance visible at checkout. This surcharge is calculated and applied automatically by the point-of-sale (POS) or payment software, ensuring accuracy and compliance with legal and card network regulations.

Credit Cards 52

Credit Cards Small Business Process ACH 52

Stax

SEPTEMBER 26, 2024

If you lean into it, the next section will detail how this process works. Surcharging credit card payments involves specific regulations and practices. State regulations and allowable rates You can’t levy a surcharge if your state prohibits it. How Do Credit Card Surcharges Work?

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Clearly Payments

JANUARY 16, 2024

Regulations: Government regulations and industry standards can impact interchange fee structures. Contactless payments and mobile wallets may offer lower fees, and the adoption of these technologies not only aligns with consumer preferences but can also lead to cost savings for merchants.

PCI DSS 105

PCI DSS Debit Card Processors Credit Cards 105

Clearly Payments

AUGUST 14, 2024

North American payment processing fees are the highest in the world due to a combination of factors, including high interchange rates , which can exceed 2% per transaction, and the dominance of major card networks like Visa and Mastercard that control over 80% of the market. has no such regulation, allowing fees to remain elevated.

Process 104

Process Credit Cards Alternative Payment Methods Debit Card 104

Stax

SEPTEMBER 24, 2024

It’s meant to incentivize customers to pay using cash and reduce the costs associated with accepting electronic payment methods. On the other hand, surcharging passes the processing cost to the customer. They’re also subject to different rules and regulations. You must also ensure compliance with card network regulations.

Credit Cards 88

Credit Cards Electronic Fund Transfer Act (EFTA) Push-to-Card Debit Card 88

Stax

FEBRUARY 5, 2024

They can be variable or fixed, depending on company policy, industry standards, and local regulations. Several types include credit card, fuel, service, payment processing, peak-time, environmental, regulatory, and minimum usage surcharges. Surcharges are diverse in form and purpose to serve businesses across sectors. Fuel surcharge.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

Stax

JANUARY 10, 2024

Viewing these costs individually makes it easier to understand what is contributing to your credit card processing costs and where you may be able to save money. Additional fees As well as the credit card fees mentioned above, there are a range of other fees that contribute to credit card processing costs for business owners.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Stax

NOVEMBER 15, 2023

They significantly impact the cost of accepting card payments. Understanding interchange fees enables merchants to effectively manage processing costs, negotiate better rates, make informed decisions about card acceptance, and ensure compliance with payment industry standards.

Credit Cards 88

Credit Cards Processors Assessments Non-Bank 88

Stax

JUNE 11, 2024

However, it’s essential to remain vigilant about compliance with regulations and responsive to customer feedback. Some jurisdictions have specific laws or regulations regarding surcharges or cash discounts, so it’s essential to understand and adhere to these guidelines. Learn More What Is a Cash Discount Program?

Debit Card 68

Debit Card Credit Cards Legal Adjustments 68

PYMNTS

DECEMBER 8, 2016

company looking to do work abroad, it means you can’t ignore these various regulations, either. “If you want to roll out eInvoicing across your global enterprise, you need to be mindful of these different regulations in different parts of the globe that you need to be in compliance with,” he said. . In the U.S.,

Compliance 64

Compliance Regulations Governance Government 64

Stax

NOVEMBER 14, 2024

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.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Stax

FEBRUARY 19, 2025

An outsourced payment support team with expertise in handling security concerns can help ensure that businesses stay compliant with regulations while offering the best possible security to their customers to protect their transaction data.

Payments 88

Payments PCI DSS Compliance Risk 88

Stax

DECEMBER 6, 2023

Credit card surcharging is subject to regulations and compliance requirements that vary by region and country. These regulations are in place to protect both businesses and consumers from unfair and unethical surcharging practices. There may also be caps or regulations on these fees depending on local laws.

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

EBizCharge

JANUARY 6, 2025

For business owners, this practice isnt just a thoughtful nod to customersits a smart move to reduce payment processing costs and encourage more cash transactions. Cash discounts are legal nationwide but adhere to specific rules and regulations. Have you noticed businesses offering lower prices for paying with cash?

Legal 52

Legal Adjustments Compliance Assessments 52

Payment Savvy

JULY 12, 2024

This fee compensates for these alternative methods’ higher processing costs and potential risks. Pros and Cons of Charging Convenience Fees Pros: Offset Processing Costs: Convenience fees help you recoup the costs of processing non-standard payment methods.

Card Network Rules 52

Card Network Rules Non-Bank Alternative Payment Methods Credit Cards 52

Stax

APRIL 2, 2024

It’s important to carefully communicate the reasoning behind surcharging, to help make sure your customers understand and can empathize with your decision-making process. That means if a customer wants to make a credit card purchase, they’ll be charged an additional fee to cover the payment processing costs.

Credit Cards 88

Credit Cards Best Practices Legal Compliance 88

Stax

SEPTEMBER 12, 2024

Security and compliance: Make sure they meet the latest security standards and regulations to protect you and your customers’ sensitive data. At Stax, we do things differently and offer subscription-based pricing with access to direct cost processing, and no hidden fees.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking Credit Cards Processors 88

Stax

JANUARY 24, 2024

However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing credit card payments.

Credit Cards 88

Credit Cards Laws Legal Caps 88

Stax

JANUARY 24, 2024

However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic. Simply put, a surcharge amount is an extra fee that some merchants choose to levy on customers to cover the costs of processing credit card payments.

Credit Cards 88

Credit Cards Laws Legal Caps 88

The Payments Association

OCTOBER 24, 2024

Chargeback abuse doesn’t just affect inventory or revenue; it also results in significant fees, increased processing costs, and reputational damage. The representment process, which allows merchants to dispute invalid chargebacks by submitting evidence, offers some recourse but is highly regulated and time-consuming.

Disputes 88

Disputes Non-Bank MFA Legal 88

Finovate

OCTOBER 11, 2024

“Hong Kong is leading the world in virtual asset regulation. “We believe regulated stablecoins are a critical growth area in crypto, offering real product-market fit, particularly as global demand for regulated stablecoins rises among enterprises and institutions.” The company has raised $1.8

Multi-Currency 104

Multi-Currency Stablecoins Visa Cross-Border Payments 104

Stax

DECEMBER 13, 2023

TL;DR Credit card processing fees can add up quickly and eat into a business’s bottom line. Fortunately, in states where surcharging is legal, you can recoup these processing costs by transferring them to the cardholder. All of these credit card processing fees can add up quickly and eat into a business’s bottom line.

Credit Cards 88

Credit Cards Debit Card Laws Rules 88

Fintech Finance

MARCH 13, 2025

Since its launch in 2022, Atoa is helping reshape the payments landscape for SMEs, helping thousands of businesses slash payment processing costs by up to 50% compared to traditional card payments.

Payments Institute 66

Payments Institute Security Payment APIs and Integration Payments 66

Stax

AUGUST 1, 2024

charge interchange fees which, on top of other credit card processing fees, can eat away at your profits. As such, credit card surcharging can be beneficial for offsetting these costs. With it, merchants can transfer the processing costs to customers who choose to make credit card payments.

Rules 88

Rules Credit Cards Caps Processors 88

Stax

NOVEMBER 11, 2024

When you’re selling products or services that cost thousands of dollars, you end up paying hundreds of dollars in credit card fees. Using ACH payments reduces your processing costs to a fraction of what you’d typically pay when a client uses a credit card. This also makes ACH payments ideal for high-value transactions.

ACH 88

ACH Checks Identity Theft Payments 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.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Stax

FEBRUARY 15, 2024

In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance. The ISV has little control over the end user’s payment experience or the processing costs. The ISV has little control over the end user’s payment experience or the processing costs.

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

Finovate

APRIL 15, 2024

The solution simplifies things for clients by automatically abiding by regional regulations, which vary by state and card brand. “Our goal is to reduce credit card processing costs through PCI-compliant payment solutions across all digital channels. .

B2B 52

B2B Payment Gateways Gateways Payments 52