An overview of the typical payment processing transaction, with all the terms explained. Point-of-Sale and Card-Not-Present transactions are covered.
How do you get paid? Where does the money come from and where does it go? Know when the proceeds from your customers' payments will deposit to your bank account to help manage your cash flow.
Interchange is the banking transaction that takes place when a customer uses a credit card to make a purchase at your business. Understand how to make the most of your funds and the least of your losses!
A chargeback occurs when an item has been disputed by the cardholder or issuing bank, or when there is a violation of the rules and regulations. Being educated is your best defense against chargebacks.