Posted on April 27, 2021 by Transcend Pay
Today’s consumers are increasingly moving away from cash as the primary form of payment. According to the Federal Reserve Bank of San Francisco, credit and debit cards combined to account for just over half of all transactions in 2018 (51 percent). This trend has had a major impact on merchants, who must set up the payment gateway systems in order to process those payments. They must also learn to navigate the challenges that come with payment processing fees.