Stax

APRIL 30, 2024

Merchant service providers ensure that all these entities work cohesively and make the end-to-end payment process hassle-free through the following steps. Let’s assume the customer’s preferred payment method is a credit card: The customer makes a purchase and presents their credit card to the merchant.

Merchant Services 88

Merchant Services Payment Services Payment Solutions Payment Methods 88

Stax

MAY 7, 2024

PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS). This regulation is managed by the Payment Card Industry Security Standards Council (PCI SSC) and is meant to protect the cardholder’s data.

Merchant Services 88

Merchant Services Payment Services Payment Methods Accept Credit Card Payments 88

Stax

APRIL 18, 2024

The steps to process a credit card transaction Step 1: Authorization Request The process initiates when a customer presents their credit card for payment. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway. These can add up.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Solutions 88