by Charge 1 | May 2, 2025 | Interchange Fees
Introduction Interchange fees are a crucial component of the electronic payment ecosystem, serving as compensation to card-issuing banks for the costs and risks associated with processing card transactions. These fees are typically paid by the merchant’s bank...
by Charge1 | Apr 2, 2025 | How MCC Codes Impact Fees
Introduction When a merchant signs up for a credit card processing service, the payment processor assigns an MCC to the business based on its primary activities. For instance, a restaurant might be assigned the MCC code for full-service dining, while an online...
by Charge 1 | Jan 13, 2025 | Debit Unbundled Fees
Introduction In an era where consumers are becoming increasingly aware of their financial choices, the term “debit unbundled fees” has emerged as a significant topic of discussion. These fees refer to the costs associated with using debit cards that are...
by Charge 1 | Nov 27, 2024 | Shift Towards Digital Payments
Introduction In recent years, the landscape of commerce has undergone a dramatic transformation, driven largely by the rapid advancement of technology and changing consumer preferences. The shift towards digital payments and e-commerce is not just a trend; it’s...
by Charge 1 | Oct 29, 2024 | NFC Payments
Introduction In an increasingly digital world, the way consumers make payments has undergone a significant transformation. One of the most innovative methods to emerge in recent years is Near Field Communication (NFC) payments. This contactless technology allows users...
