Payment Processing?

Payment processing is the act of accepting and verifying customer payments, then depositing the funds into your merchant account. Payment processors handle all aspects of electronic payments, from authorizing the transaction to transferring the funds to your bank account. The payment processing industry is complex, with a myriad of rules and regulations that can be confusing for merchants. To make things easier to understand, we’ve put together this guide that covers everything you need to know about payment processing. What is a Payment Processor? A payment processor is a company that handles the electronic transfer of funds between a merchant…