Tag

merchant processing
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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