Category

Merchant Processing Blog
credit card swipe
Using a credit card to pay for goods and services is a fairly common practice. Many credit card users, however, are unaware that every time a credit card is used, the merchant is charged a “swipe fee” or “interchange fee” by the credit card company. This fee must be paid by someone. But who?
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bitcoin atm
When we talk about “money,” we think of credit cards, metal coins, and green paper with presidential faces printed on it. Soon, we might also think of virtual currency—bundles of code stored on our phones and computers that we can exchange for products and services like any other form of money.
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credit cards
Merchant processing constitutes the acceptance, processing, and settlement of payment transactions for merchants. It involves gathering sales information from the merchant, obtaining authorization for the transaction, collecting funds from the issuing bank, reimbursing the merchant, and charge-back processing.
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credit card
The credit card payment process is filled with middlemen working with each other to process payments. Merchant processing companies allow merchants to process credit card payments from their customers and help merchants manage their sales.
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