: The financial institution that maintains the merchant's account and processes the payments.
: Security standards all merchants must meet to ensure credit card data is transmitted and stored safely. merchant credit card
: A single percentage for every transaction (common with providers like Square or Stripe ). : The financial institution that maintains the merchant's
Payment processing happens in several distinct stages, often in a matter of seconds for authorization, with settlement following later. merchant credit card
: The system checks if the customer has sufficient funds or credit.