Credit card spending has grown significantly over the past decade, leading to higher costs for businesses. For retail executives, finding ways to reduce these processing fees is crucial to improving ...

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Key ...

One way to lower payment processing fees is to explore non-traditional pricing models, such as membership-based pricing. Ideal for high-volume retailers, growing omnichannel businesses and brands with ...

The small portion of each credit card sale that your business pays toward processing costs can add up to thousands each year. Although credit card fees are a cost of doing business, they aren’t set in ...

Accepting credit cards requires a payment processor like Square or Stripe, a merchant account, and hardware like POS terminals. Fees range from 1.5% to 4%.

A payment card surcharge or checkout fee is when a business passes the credit card processing cost (the interchange rate charged by card networks) to customers. It can’t be added to prepaid cards or ...

With card acceptance becoming a near-necessity in vending due to declining cash usage, processing fees can put meaningful ...

A Washington D.C. bill would prevent banks and credit card companies from collecting processing fees on sales tax and gratuities—charges that businesses don’t even keep. But not everyone is on board ...

Swipe fees are charges merchants pay when accepting card payments. They range from 1% to 3% depending on card type and brand. Swipe fees eat into profit margins but can be managed with smart ...