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PAYMENT PROCESSING COMPANY REVIEWS

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WELCOME TO PAYMENTPROCESSING.COM

PaymentProcessing.com was created to enlighten and inform business owners about
the best options for their credit card processing needs. Obtaining a merchant
account for your new or existing business can be challenging in today’s
marketplace, due to the vast number of companies offering payment processing
services.

In addition, there are a lot of different factors that may significantly impact
your payment processing experience, which is why our goal is to educate our
visitors about the various elements that are primary to any business desiring to
accept credit cards from their customers.

The first consideration essential to a supportive merchant account is the rate
structure offered by the particular processor. There are a number of different
pricing models available and it is very important to have a clear understanding
of the fee structures presented and how they compare to other rate plans.

Additionally, a business should procure a payment processing solution that
effectively and seamlessly processes your customers’ payments in the easiest
manner possible.

The next component that any company should look for, when searching for a
merchant account, is the level of customer service and support received from
their processor.

Further, in order to save time, money and avoid headaches down the road, it is
very important that business owners find out about set-up times, up-front costs
and any contract term that may be required.

The entire process of setting up a merchant account can be overwhelming if you
don’t know what to look for and where to begin. We try our best to provide
accurate information to help merchants select the best payment processor for
their business.

HOW MERCHANT PROCESSING WORKS, SIMPLIFIED

When a customer pays with a credit card, which was issued to them by a bank,
otherwise known as an Issuing Bank, the credit card information is collected and
bundled up by the terminal or processing solution that is being utilized by the
business/merchant.

The credit card information is then transmitted through the Visa U.S.A. or
MasterCard network, which relays the customer’s card data to the Issuing Bank.
The Issuing Bank will then approve or deny the transaction based on the
customer’s amount of available funds or credit. This part of the process is
often called the authorization segment.

If the transaction is approved, notification of the approval is relayed by the
Issuing Bank back to the terminal or processing solution and to whichever bank
has partnered with the processor, that was selected by the business owner to
handle their merchant account. This bank is known as the Acquiring Bank and is
responsible for funding the business owner the amount of the card transaction,
minus the applicable rates and fees.

As well, the Acquiring Bank sends a payment request to the Issuing Bank for the
approximate amount of money it just funded the merchant. The Issuing Bank then
funds the Acquiring Bank the requested sum, whereupon the Issuing Bank will then
collect the amount of the original charge from its customer, who just purchased
the good or service from the merchant.

ABOUT OUR SERVICE*

PaymentProcessing.com helps merchants research and compare various credit card
processing providers. In order to keep this information free, we receive
advertising revenue from the providers featured on our website. Read More

TOP CREDIT CARD PROCESSORS

 * #1
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 * #2
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 * #3
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 * #4
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 * #5
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WHAT TO LOOK FOR?

 * Waived Setup Fees

 * Month-to-Month Agreements

 * No Early Termination Fees

 * Transparent Pricing Structures

 * No Hidden Fees
   
   

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DISCLOSURE & TERMS OF USE

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website belong to their respective owners. PaymentProcessing.com has an
advertising relationship with some of the companies included on this website.
For more information, please check out our full Advertising Disclosure & Terms
of Use linked above this section. While PaymentProcessing.com strives to keep
its information accurate and up to date, the information in our reviews could be
different from what you find when visiting a service provider's website. All
products are presented without warranty.
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