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How Payment Facilitation Works: An Overview for SaaS Providers

Exact Payments

The world of payment processing has evolved rapidly since the early days of credit card payments. Issuing banks Issuing banks, or issuers, are entities that issue customer credit cards and handle the transfer of funds to the merchant’s account.

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How Does Merchant Underwriting Work?

EBizCharge

The underwriting process consists of several steps to ensure the merchant and payment processor can handle the financial responsibilities involved in processing credit card payments. While ISOs and PayFacs enable merchants to accept credit card payments, they operate differently.