Payment processors are companies, usually third-party, that handle payment transactions between the merchant and customer by relaying payment information from the customer to the merchant’s bank account. They enable merchants to receive debit or credit card payments online by providing a connection to an acquiring bank.
In the merchant services industry, the scene is so active and almost saturated that merchants no longer felt the need to fear that a certain company will monopolize the industry, which sometimes leads to underwhelming services that are left unchecked.
e Check is a mode of payment that relies on the ACH network to process payments. With e Check, money is withdrawn from the payer’s checking account, transferred over to the ACH network, and then deposited into the merchant’s checking account.
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With innovation and technology, those specializing in merchant services have found modern ways for merchants to process payments securely. This has allowed businesses to reduce their reliance on traditional banking and use more electronic means to make transactions....
As a company whose lifetime slogan is “Transactions that Give,” Agapay wants to(remove to state the sentence as currently active and not a future tense) helps spread the culture of giving through the volunteer work that we do every month. We are so(change to “highly”) committed on this mission that we already contributed over 100 hours of volunteer time to over 10 nonprofits since we started out in 2012.
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The Merchants Guide to Payment Processing
A comprehensive understanding about payment processing; pitfalls to avoid, and how to protect your hard earned income.
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