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MERCHANT STRONGHOLD Hence, Merchant Stronghold specializes in high-risk and offshore merchant accounts.

High-Risk Merchant Account & Credit Card Processing Services Provider Merchant Stronghold is based in Clearwater, Florida. We provide the best credit card processing services for all type and size of businesses. Also, we are #1 HighRisk Merchant Service Provider in 2015, and 2016.


How Does the Credit Card Processing Work? Credit card transaction is not a new concept. Everyone claims to know the process: swipe the card, hit the button and the transaction is complete in a blink. But do you really know the process? Do you think that it is as simple as it seems? It actually is a much more complex procedure than what you witness. The fact is swiping the card and signing the recipe is the first and the last step of the procedure. In between lays multiple steps that include more than one person working invisibly for the customer to complete that particular transaction.

Most of the customers do not care about the complete process. It may seem unnecessary, it provides important information about the inner workings of the modern commerce. Not only for customers but knowledge about credit card transaction process is tremendously important for small business owners as well, as it is a merchant who has to confront the cost of the payment processor. Let us discuss the working of credit card processing in detail.


Key Players MERCHANT It is a vendor who sells product or services. The job of a merchant is to accept payment through a card, send the card information to the issuing bank and request payment authorization.

CARDHOLDER There are two types of cardholders 1.Who2.Who pays only a portion of balance and rest accrues interest? repays full credit card balance?

MERCHANT’S BANK

It is also known as acquiring the bank and is responsible for sending an authorization request to the issuing bank through a proper channel followed by communicating the response of the issuing bank to the merchant.


CREDIT CARD NETWORK

SERVICE PROVIDER Also known as acquiring processor is a third party entity that works as an arm of the merchant’s bank. It provides service or device that allows the merchant to accept credit card for payment and also sends the credit card details to the credit card network and further sends back payment authorization to the acquiring bank.

Also referred as Association member, operates the network to facilitate the credit card payment process, worldwide and administrate interchange fees. Credit card network receives details of credit card payment from the service provider and forwards the request for authorization to the issuing bank. In return, it sends a response of the issuing bank to the service provider. Some of the examples of the credit card network are Visa, MasterCard, and American Express.


Contact us - US HQ 10300 49th Street N Suite 427 Clearwater, Florida 33762 UK HQ 160 City Road Kemp House London EC1V 2NX     +1 (888) 622 - 6875  +1 (844) 465 - 4723   info@merchantstronghold.com www.merchantstronghold.com

How to Credit Card Transactions work?   

Credit card transaction is not a new concept. Everyone claims to know the process: swipe the card, hit the button and the transaction is com...

How to Credit Card Transactions work?   

Credit card transaction is not a new concept. Everyone claims to know the process: swipe the card, hit the button and the transaction is com...

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