Credit Card Processing2020-09-02T22:02:12+00:00

Credit Card Processing

Have Questions About Credit Card Processing?

Check out a few frequently asked questions below!

What are the different aspects of a credit card transaction?2020-08-14T19:12:56+00:00

There are 4 different aspects of a credit card transaction:

  1. Consumer
  2. Merchant
  3. Merchant processor: The merchant processor takes the credit card information and data from the merchant and processes the transaction. They charge different fees on top of the interchange fee that is set by the bank.
  4. Bank: charges an interchange fee, non-negotiable.

The merchant processor is the middle man between the merchant and the bank. They charge the merchant in a hundred different tiny fees and we work to reduce those fees. We negotiate with the merchant processor to get you the lowest fees.

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