July 2024 Payments News Roundup As we enter the second half of 2024, the payment processing industry continues to evolve with notable changes from major players. This month's roundup covers significant rate increases from Toast, Worldpay, and Lightspeed—potentially...
OpenEdge Review (2024) While OpenEdge offers some positives, like interchange-plus pricing and negotiable rates, our experience has shown they're one of the most expensive processors in the market, with some questionable billing tactics. This review dives deep into...
Texas Surcharging Laws There’s a lot of misinformation on the web about the credit card surcharging laws in Texas. Some sources say it’s legal, while others say it’s illegal. Whether you’re a merchant or consumer, these types of contradictory statements can be...
Visa ISA Fee Explained (International Service Assessment) Wondering why some Visa transactions are more expensive to process than others? There are lots of different factors that impact your Visa interchange rates—including the specific type of Visa card and the...
Elavon Review Elavon is a payment processor and merchant services provider headquartered in Atlanta. It’s a subsidiary of US Bank, and has over 30+ years of experience in the processing space. Currently, Elavon processes about $558 billion per year from merchants...
CardConnect Fees and Updates For Payment Processing Our team here at Merchant Cost Consulting is always monitoring the latest interchange fees from payment processors and card networks industry-wide. Read on to learn more about CardConnect’s fees, rate increases,...
Chargeback Time Limits For Cardholders and Merchants (Ultimate Guide) Last year the global payments ecosystem had over 238 million chargebacks. This number is expected to reach 337 million by 2026, which is a 42% increase in just three years. Studies also found...
What is Buy Now, Pay Later (BNPL) and How Does it Work? The concept of Buy Now Pay Later (BNPL) has been around for hundreds of years. It’s a simple way for people to purchase expensive items and pay for them over time on an installment plan. These early forms of...
Toast Credit Card Processing - Rate Increases and Updates (2025) Toast is a restaurant POS (point-of-sale) system. In addition to its POS software, Toast also provides payment processing as an integrated solution with its platform. If you're using Toast for payment...
Illinois Credit Card Surcharging Laws: Everything You Need to Know in 2025 Illinois allows merchants to legally surcharge credit card transactions. For the most part these laws are pretty similar compared to the other states where it’s legal to surcharge. Here’s a...
