Interchange Fees on Contactless Payments Comparison
The main cost for merchants to accept credit cards is the interchange fee, a fee paid by merchants to the card-issuing bank each time a credit card transaction is processed. This article covers the...
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A Market Overview of Payment Terminals in the USA in 2024
Payment terminals, often referred to as point-of-sale (POS) terminals or credit card machines, are devices that enable businesses to accept electronic payments from customers. There is a difference...
View ArticleThe Long Term Impact of COVID on the Payments Market
The COVID-19 pandemic has reshaped the payment processing industry, which has undergone rapid transformation in response to the challenges of the pandemic. In 2024, it is clear that the changes...
View ArticleHow Loyalty Programs Work with Payment Processors
Loyalty programs have become an integral part of shopping, offering businesses a way to build stronger customer relationships, increase retention, and drive sales. Loyalty programs can boost overall...
View ArticleHow a PIN Works on Credit Cards and Debit Cards
As a merchant, understanding how a PIN (Personal Identification Number) works with credit and debit card transactions is essential for running a secure and efficient payment process. Whether you...
View ArticleHow a High Risk Merchant Account Works
When running a business, accepting payments is a must, but for some industries, it isn’t as simple as swiping a card. Some businesses are labeled as “high-risk” by payment processors and banks, which...
View ArticleWhat Canadian Merchants Need to Know About International Payment Processing
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services...
View Article2024 Payment Methods Report: Overview, Insights, and Statistics
The economy today is tech-driven and payment methods are a key part of that paradigm. From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each...
View ArticleWhat is Zelle Real-Time Payments in the USA?
Zelle is a fast, convenient way for people in the United States to send and receive money almost instantly, known as a real-time payment service (a category of payment methods). It is considered a...
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Payment Processing USA: 2024 Market Overview
The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of...
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