Interchange fees 101: What they are and how they work | Stripe Interchange fees, also known as swipe fees, comprised 70% to 90% of these card processing fees For businesses that accept card payments from customers, interchange fees affect operating costs, pricing strategies, and their business model
How to accept credit cards on iPhones | Stripe Card reading: When you swipe a customer’s card, the swiper reads the magnetic stripe (or chip in more advanced models) and transmits the payment information to the app When you tap a contactless card, the card reader retrieves the data through near-field communication (NFC)
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How to accept credit card payments without a card reader You may think that processing credit card payments requires a card reader to swipe, insert, or tap a customer’s card Fortunately, there are other ways businesses can accept credit card payments without a card reader, including online and manual processing
Master credit card payments: Step-by-step guide for businesses | Stripe Countertop card readers Countertop card readers are best suited for businesses with physical counter space, allowing customers to swipe or tap their credit cards Mobile card readers Mobile card readers are more compact and therefore perfect for on-the-go businesses—for instance, a plumber or in-home massage therapist
Wireless credit card terminals: A guide for businesses | Stripe At minimum, your terminal should support chip, tap (NFC), and swipe payments You might also need support for PIN entry, if that’s required for debit cards in your region, or manual card entry as a fallback