Clearly Payments
FEBRUARY 10, 2025
The Acquiring Bank The acquiring bank receives funds on behalf of the merchant. Implement Fraud Prevention Tools Address Verification Systems (AVS) and 3D Secure can reduce fraud risk. The Customer The person making the payment. The Payment Processor The company that facilitates transactions.
Stax
JANUARY 10, 2024
Interchange fees An interchange fee is paid by the merchant’s acquiring bank to the issuing bank every time a credit card transaction is made. These fees are paid by the merchant’s acquiring bank directly to the credit card network to help maintain payment infrastructure, support services, and enhance revenue. Statement fees.
PayHawk
APRIL 18, 2023
A Acquirer The financial institution that processes payments on behalf of merchants. Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer.
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