Card payment: definition, example, and why it matters

Fastest way to get paid — funds typically settle in 1–2 business days. Processing fees run 2.6–3.5% + $0.30 per transaction. Many trades pass card fees to the customer where state law allows.

• Short definition. A payment made by credit or debit card, processed online or in person.
• Category. Card payment is a payments term used by service businesses when billing customers.
• How Glo Invoice handles it. Glo Invoice builds card payment into the invoice itself, so you don't track it on paper or in a spreadsheet.

Frequently asked questions

What does card payment mean?

Fastest way to get paid — funds typically settle in 1–2 business days. Processing fees run 2.6–3.5% + $0.30 per transaction. Many trades pass card fees to the customer where state law allows.

Related terms

• Stripe — A payment processor that lets businesses accept cards, ACH, and wallets online.
• Tap to Pay — Accepting contactless card and wallet payments using just a phone.
• Convenience fee — A surcharge added when a customer chooses a more expensive payment method.