Payment processing blog and articles on the payment industry, merchant services, accepting credit cards, credit card machines, and payment technology.
A payment processor manages the credit card transaction process by acting as the mediator between the merchant and the financial institutions involved. A processor can authorize credit card transactions and works to ensure merchants get paid on time by facilitating the transfer of funds. Some payment processing services provide equipment for card acceptance, security solutions, PCI compliance assistance, customer support and other value-added payment processing services.
Payment processing companies play an essential role in connecting merchants to their customers, allowing them to accept credit card payments quickly and easily. When someone uses a credit card to make a purchase, that transaction needs. . .
Often referred to as “direct payments,” ACH payments transfer money from one bank account to another bank account electronically, without having to utilize intermediary mechanisms like paper checks, credit cards, or wire transfers. The process takes place. . .
Today’s merchants must understand how payment processing works and have the ability to accept multiple forms of payment if they’re going to run a successful business. While customers once preferred to pay with cash or. . .
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