Credit card surcharging shifts processing costs to customers but can cause legal issues, competitive disadvantages and ...
Credit card processing costs typically range from 1.5% to 3.5%, but processor markups can inflate costs. Using interchange-plus pricing can give you more insight than a flat-rate plan. Compare quotes, ...
Grocers pay a lower rate than other businesses and they tend to have more recurring customers, making them less likely to implement credit card surcharges. The convenience of swiping your credit card ...
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 ...
While many Americans worry about tariffs potentially boosting inflation, merchants continue to warn of a cost increase that's already certain: credit card swipe fees. Banks, card processors and ...
We all know how convenient it is to swipe our credit cards for everyday purchases. In fact, as of 2022, 82% of U.S. adults had a credit card, making it the most common consumer lending product. In ...
Running a business comes with enough challenges—managing operations, serving customers and staying ahead of competitors. But there may be a silent drain on your profits that often goes unnoticed: A ...
Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins.
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 ...