Boost Your Business Sales With Credit Card Payment Solutions
Merchant services contract with several merchant credit card processing banks that will actually accept and process your business transactions. For each transaction the bank processes, you will be charged a discount rate, or percentage, of the face value of the amount charged, along with a per transaction fee. When you perform your transaction, and receive an authorization number, the charged amount is immediately wire-transferred out of your customers' credit card account into your merchant account. The merchant service bank will then discount, or deduct, the percentage rate and per transaction fee, and wire-transfer the balance of the charge into the business checking account of your choice.... [ Read Article ]
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