Interchange Fees Explained: A Guide for Ecommerce Managers Interchange fees are the largest component of card processing costs for many eCommerce businesses. Every time a customer pays with a card, part of the transaction amount supports the broader payment system, including the issuing bank, the card network, and the processor. Although interchange itself is generally […]
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Interchange Fees Explained for Merchants
2020 was an unprecedented year for brick and mortar merchants, as the global COVID-19 pandemic saw many businesses forced to close and strict guidelines put in place limiting in-store activities. In turn, consumers flocked online, boosting ecommerce sales by 45% year-over-year and accelerating ecommerce adoption by as much as five years. Consumer habits are like […]
With government-mandated shutdowns impacting countries all around the world, many businesses have been forced to embrace full-staff work-from-home models in order to keep the proverbial doors open. In turn, video conferencing tools have become indispensable, as daily meetings have moved from the boardroom to the living room. Small businesses looking for new video conferencing tools […]
