Payment processing companies provide a range of services. They can be bank-based , or not issuers. They act as a third-party intermediary between sellers, customers, and their clients. These companies handle credit card transactions and transfer funds from the bank account of the customer's account to the merchant's. Processors charge fees per transaction, and also an interchange rate and a swipe charge, which the merchant must pay. They can also charge interchange-plus or flat-rate…

Payment processing Merchants need to know how payment processing works in order to maximize their online sales. Merchants deal with sensitive financial information. In order to make sure your payments are safe, you should choose a reliable payment processor. A payment processor has many advantages. Find out more about the various types and how they can help your business. You can then choose the best one for your business. Here's a look at each type of payment processing.…