On Friday, March 22nd, 2024, it was announced that American Express will be sued over its merchant fees in a lawsuit held at Rhode Island federal court. 5,155 merchants claim that Amex’s high fees – ...
Shopify has told merchants that use its commerce software that it will open up sales through AI chatbots like ChatGPT later this month, according to its site and communications with sellers. Merchants ...
Dana Miranda is a Certified Educator in Personal Finance® and founder of Healthy Rich, a platform for inclusive, budget-free financial education. She’s written about work and money for publications ...
High card-acceptance fees are the root cause for why some merchants are charging consumers for cash back at the point-of-sale, a service merchants have historically provided consumers even though ...
The Federal Reserve Board (“FRB”) proposes to lower fees for debit card purchases. The FRB announced proposed rulemaking to reset its Durbin Amendment cap on interchange fees to 17.7 cents on an ...
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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, ...
This guide breaks down every fee type you’ll encounter with crypto payment gatewayscompares costs across 10+ provider ...
I often encounter three misconceptions about interchange fees. They may seem trivial, but they are truly fundamental to understanding the payment market, which will help you discuss fees more ...