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What is Credit Card Processing Explained about?

The credit card transaction process involves 4 main steps: 1. Authorization - The merchant requests authorization from the acquirer and issuer to confirm the availability of funds. 2. Batching - The merchant sends approved transactions in a batch to the acquirer at the end of the day. 3. Clearing - The acquirer sends the batch to the card network, which routes payments from the issuer to the acquirer. 4. Funding - The acquirer pays the merchant after deducting interchange and processing fees, and the cardh

Author

kk81

Language

EN