If you want to implement convenience fee handling in your payment gateway or system, you need to answer some fundamental questions. First you need to define, whether it will be implemented within your system or within some third-party system. Second, you need to decide, whether convenience fee will represent a part of the original transaction, […]

The simple residual revenue sharing mechanism envisioned a simple splitting of a merchant fee charged for transaction processing, among several parties involved in the process. These parties included the association (Visa, MasterCard), transaction processors, and, possibly, merchant services providers. Recent developments, witnessed in the merchant services industry, call for introduction of new, more advanced remittance […]