What is Credit Card Processing?



Credit card processing is something that sounds both simple and complex at the same time. Simply put, credit card processing involves accessing and transferring funds from a customer’s account to a merchant’s account when paying for something with a credit or debit card. The process itself takes several important steps to ensure accuracy and security. At the same time, it all has to happen in a matter of seconds. Here’s how it works.


Credit Card Processing: Step by Step 


When a customer makes a purchase using a credit card—either at a cash register, over the phone, or online—that payment has to go through a few steps. That’s where a merchant processor comes in. This is a company that takes a merchant’s credit card transactions and translates them into the money paid for its products or services.

First, the customer’s bank is contacted using the card info that is swiped or entered. That info has to be verified as accurate, and the availability of funds has to be confirmed. Once that is done, the merchant processor then contacts the merchant’s bank to send the funds to their account.

Usually, all transactions from a given period are sent as a batch to the bank for final settlement. This typically happens at the end of the day. After everything is approved and settled, the funds then hit the merchant’s bank account. The approval process takes a matter of seconds. That is the brief wait a customer experiences after swiping their card or entering the number online.

Keys to Great Credit Card Processing 


When choosing a merchant processing company for your business, there are several important things to consider. First, you want a company that can process your transactions quickly and securely. Your customers don’t want to wait around for a long credit card approval process—they want it seamless and nearly instantaneous.

You also need the process to be secure. Nothing is worse for business than customers who don’t feel safe using their cards to buy things from you.

Finally, you need a merchant processor that provides outstanding customer service to you, the merchant. You need to get your credit card processing up and running quickly and smoothly, and you need a merchant processor who is responsive when you need help with any issues.

Merchant One Reviews 


Take a look at the Merchant One reviews on our website and you will see that Merchant One offers all the important customer service you need for your credit card processing. We help you get up and running in just a few quick steps. We process your transactions with the utmost speed and security, and we are always available to provide you with the outstanding support you need.

See the many positive Merchant One reviews from people like you. Our customers know we take their businesses’ needs seriously. Once you read our reviews, you will want to write one yourself.

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