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 With e Check, money is withdrawn from the payer’s checking account, transferred over to the ACH network, and then deposited into the merchant’s checking account.
Two meters long and 10 meters wide, with a decent enough yet unfinished wall on one side, a makeshift chalkboard on the other, a bamboo fence on the third side, and fresh earth for a floor. This is the only space Anecita Awitan could claim as her daycare center at Dodiongan, a remote village community […]
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. Merchants also found other ways to make online transactions without using credit cards that sometimes may charge […]
