payment processing
So, what happens after a credit card is swiped, dipped or tapped? How does the money end up back in the business owner's pocket? Well, to start, there are more than just two parties involved with a credit card purchase, as opposed to when a customer pays with cash. First, there’s you, the merchant, who will be receiving the payment. Second, there’s the cardholder, the customer that is using a credit card to purchase your good or service. Third, there is the issuing bank, the financial institution that gave the cardholder the credit card, thus extending them a line of credit, making them a small short term loan. Finally, there is the acquiring bank, which is the bank accepting payment and providing processing services on behalf of the merchant. get our payment processing we are the best app for payment processing try us. sign up for a free merchant account with payolee Taking payments through a payment services provider like PayPal is another unrel...