credit card transactions

Interchange is the cost associated with credit card processing: the underlying percentage rate and transaction fee. There are over 300 different interchange rates and fees, so the cost can vary depending on many factors. Typically, a higher risk transaction will cost the merchant a little more. For example, card not present or eCommerce transactions will

Do you know what happens when you process a credit card transaction from a customer? Your merchant processor will handle the behind-the-scenes details. But, it is helpful for business owners to know what is going on when the credit card is swiped. How Credit Card Transactions are Verified A credit card transaction can be processed