What Is A Payment Processing Center

Moving the transaction through the processing network sending you a billing statement working with your bank etc. Front end processors have connections to various card associations and supply authorization and settlement services to the merchant banks merchants. Some processors are set up to solely accept digital payments as in credit and debit card payments through a merchant s online store.

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The first is the payment gateway software that links your site s shopping cart to the processing network.

What is a payment processing center.

A payment processor is some sort of transactor for financial calculations technically an invertible currency exchange appointed by a merchant to handle transactions from various channels such as credit cards and debit cards for merchant acquiring banks. They are usually broken down into two types. The second is the payment processor or merchant service which does all the heavy lifting. Ecp is a transaction via ach automated clearing house or duplicate draft sent by a merchant to directly debit or credit a customer s checking or savings account.

Ecp processing is often used for recurring payments such as monthly membership fees and is available in the united states and canada.

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