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  2. 7 Best Payment Gateways for Small Businesses - AOL

    www.aol.com/finance/7-best-payment-gateways...

    Here are seven of the current best payment gateways to consider: Braintree. Clover. Helcim. Merchant One. Payment Depot. Stripe. Square. 1. Braintree. Cost of service: 2.59% plus 49 cents per ...

  3. Lower Mastercard and Visa Swipe Fees Are Coming - AOL

    www.aol.com/finance/lower-mastercard-visa-swipe...

    Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...

  4. Credit card swipe fees add to consumers' costs, but here's a ...

    www.aol.com/credit-card-swipe-fees-add-120327276...

    Credit Card Competition Act would fix a broken payments market. Swipe fees are ultimately paid by consumers, totaling $1.8 billion in Tennessee last year. Nationwide, they have more than doubled ...

  5. Interchange fee - Wikipedia

    en.wikipedia.org/wiki/Interchange_fee

    Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...

  6. Square (financial services) - Wikipedia

    en.wikipedia.org/wiki/Square_(financial_services)

    Square is a financial services platform by Block, Inc. for small and medium-sized businesses. [1] [2] It enables accepting credit card payments using smartphones as POS registers, and facilitates various business operations. As of 2023, Square reports 4 million merchant clients and an annual payment value of US$ 210 billion.

  7. Durbin amendment - Wikipedia

    en.wikipedia.org/wiki/Durbin_amendment

    Durbin amendment. The Durbin amendment, implemented by Regulation II, [1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by ...

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