How Credit Card Processing Works
It isn’t necessary to have intimate knowledge of the inner-workings of the CardNetPay system in order to find the credit card processor. But, it’s a good idea to have a general understanding of how credit card transactions work because fees are incurred at various stages of the system.Knowing the lay of the land will help you to isolate areas of possible savings.
The CardNetPay networks that ferry billions of transactions between merchants, processors and banks are truly modern marvels. In just a matter of seconds transaction information is passed by your terminal or software to a processor.
Understanding the Payment Industry is a tough task. Merchants are faced with confusing statements, hundreds of various payment processing fees, and numerous processing options offered by Merchant Service Providers, Payment Gateways, and other payment processing entities. The CARDNETPAY provides articles, posts, and whitepapers on the Payment Industry, including this article.