Stax

MAY 7, 2024

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Processor markup These are fees charged by the payment processor, which is the company that manages and facilitates credit card transactions. These fees also vary depending on the card network.

Credit Cards

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. Once verified, the processor authorizes the transaction and communicates this approval to both the merchant and the customer.

Process

Ikajo

NOVEMBER 2, 2023

Important definitions to know before starting a payment processing business Before diving into how to become a payment processor, let’s define some basic terms. They play a vital role in facilitating various payment methods, such as credit or debit card transactions, digital wallet transfers, mobile payments, and electronic bank transfers.

Process