Ever wondered how credit card processing works? In this video, we break down the entire process! Learn how transactions are initiated, authorized, and completed when you swipe, dip, or tap your credit card. We'll explain the roles of the key players, like the merchant, payment processor, issuing bank, and acquiring bank, and how they work together to process payments securely and efficiently.
Whether you're a small business owner or just curious about how credit card payments work, this video will give you the insights you need! We’ll also cover the three stages of credit card processing: authorization, authentication, and settlement.
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