Payment Processors: Everything You Need To Know To Get Started
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In today's rapidly evolving e-commerce landscape, having a solid grasp of payment processing is essential for businesses of all sizes. Whether you're a high-risk merchant in need of secure high-risk credit card processing or a small business owner seeking affordable point of sale solutions, this guide is designed to offer in-depth insights into the world of payment processors. DOWNLOAD THE EVERYTHING YOU NEED TO KNOW INFOGRAPHIC HERE Understanding Payment Processing Payment processing encompasses a series of intricate steps that take place when a customer makes a purchase, whether online or in-store. This complex procedure involves various entities, including payment gateways, banks, and merchant services. To gain a clear understanding of payment processing, let's explore its fundamental components. The Function of a Payment Gateway A payment gateway acts as the virtual bridge between a merchant's website and the financial institutions involved in the transaction. It ...