What is a Payment Gateway? A payment gateway securely transmits sensitive payment information from a customer's issuing bank to each party involved with a card transaction. Payment gateways connect the merchant’s payment portal (like a website) to the acquiring...
The Complete Guide to Interchange Fees and Rates (2024) If your business accepts credit cards, then I’m sure you’ve heard of interchange fees. You’ve probably even seen these fees listed on your credit card processing bill. Surprisingly, most business owners don’t...
Visa Interchange Rates (2024) Last Updated 3/1/2024 Visa is one of the most commonly accepted credit cards in the globe. Cardholders view Visa as a safe and reliable payment method. Like every major card network, Visa imposes an interchange fee for each transaction...
Mastercard Interchange Rates (2024) Last Updated: 2/10/2024 Mastercard is one of the four major credit card networks. Each Mastercard transaction processed by a merchant is assessed with specific interchange fees. The rate is based on a wide range of factors. The...
Discover Interchange Rates (2024) Last Updated 1/28/2024 Discover updates its interchange fees on a regular basis. But they don't publicly post these rates. Fortunately for you, our team did some digging to keep pace with the Discover's merchant acquirer fees. This...
Top 11 Payment Processing Trends Dominating 2024 As we enter 2024, it’s the perfect opportunity to assess what's going on in the payment processing industry and take a closer look at what's trending upward. I’ve narrowed down the top 11 payment trends that will...
Stripe Interchange Rates: Complete Guide to Stripe Processing Fees Last Updated: January 10, 2024 Stripe is one of the largest players in the eCommerce and subscription payment space. Big companies like Facebook, Lyft, Target, and Under Amour use Stripe to power...
Average Credit Card Processing Fees (2024) "What are the average credit card processing fees I should be paying?" This is the most common question we tend to get asked at Merchant Cost Consulting when merchants are trying to lower their credit card processing fees....
ACH vs. Wire Transfer: What's the Difference? In addition to credit card processing, cash, and checks, there are other ways of getting paid. Two alternative methods include ACH payments and wire transfers. If your business sells large ticket items, such as...
What to Know About Switching Merchant Services Every business wants to save money on credit card processing. So if you feel like you’re paying high rates and there’s room to cut costs, switching merchant services providers may sound like a viable option. However,...
