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?Read More
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.Read More
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