Payroc

Study Finds Hidden Surcharges Sour Consumers’ Impressions of Merchants
Study Finds Hidden Surcharges Sour Consumers’ Impressions of Merchants
August 19, 2022  |  Credit Cards

In a time marked by sudden change and economic concern, each dollar counts for local businesses. Credit card surcharges are a prevalent cost-mitigation strategy that...

READ MORE >
M&A in Payments Sector Down but Not Out
M&A in Payments Sector Down but Not Out
July 25, 2022  |  Acquisitions

Reports that mergers and acquisitions (M&A) fell 20% in the first half of 2022 compared to last year show how fast action can cool off,...

READ MORE >
Inflation Isn’t Hurting the Payments Sector — Yet — Says Payroc CEO
Inflation Isn’t Hurting the Payments Sector — Yet — Says Payroc CEO
July 19, 2022  |  Payment Methods

We all thought (or at least hoped) that 2022 would be a very different kind of year, but we’re leaping from one crisis to the...

READ MORE >
One in Five US Consumers Use 7 Different Payment Methods in Stores, Restaurants
One in Five US Consumers Use 7 Different Payment Methods in Stores, Restaurants
June 20, 2022  |  Payment Methods

While United States consumers can choose from a variety of payment alternatives when buying goods and services, PYMNTS’ research found that the average U.S. consumer...

READ MORE >
The Data Point: 44% of Consumers Say They Would Switch Merchants Over Card Surcharges
The Data Point: 44% of Consumers Say They Would Switch Merchants Over Card Surcharges
June 14, 2022  |  Credit Cards

Credit card surcharges are permissible in most states and are useful to merchants for what those fees cover, but many consumers dislike these charges even...

READ MORE >
NEW DATA: Nearly Half of Credit Card Users Would Switch Merchants to Avoid Surcharges
NEW DATA: Nearly Half of Credit Card Users Would Switch Merchants to Avoid Surcharges
June 14, 2022  |  Credit Cards

A little knowledge can go a long way. This might be sage advice to the growing number of merchants levying surcharges on credit card transactions...

READ MORE >
Demand for Embedded Payments Ignites Fierce Competition Among POS Providers
Demand for Embedded Payments Ignites Fierce Competition Among POS Providers
May 31, 2022  |  Payment Methods

With each passing day embedded payments is becoming a bigger part of the payments ecosystem, and it takes an army of different companies to make...

READ MORE >
1 in 5 Consumers Swap to Cash or Debit When Asked to Pay a Credit Card Surcharge
1 in 5 Consumers Swap to Cash or Debit When Asked to Pay a Credit...
May 18, 2022  |  Credit Cards

Nineteen percent of consumers have been asked to pay a surcharge but decided to use another payment method instead. “Credit Card Surcharges,” a PYMNTS and...

READ MORE >
The Data Point: 85% of Consumers Pay Credit Card Surcharges Without Issue
The Data Point: 85% of Consumers Pay Credit Card Surcharges Without Issue
May 13, 2022  |  Credit Cards

A source of controversy over the years, credit card surcharges are accepted as fair — and fairly set — by law, and by a surprising...

READ MORE >