If you own a business, you should know how credit card processing works. Understanding how credit card processing works can help you save money because each stage incurs different fees. How Credit Card Processing Works Credit card processing can be broken down into three stages: Authorization Capture Settlement Authorization The first step is getting the… Read More »
If you are looking to accept credit cards at your business, you will likely come across a merchant aggregator or payment aggregator. Or simply, aggregator. In this post, I will explain what an aggregator is and how it differs from a traditional merchant account. What is a Merchant Aggregator? Merchant aggregators are organizations that provide… Read More »
After reading my previous post and realizing all the benefits of accepting credit cards (learn more here), you are now ready to start swiping! The next step is to set up a merchant account for your business. What is a Merchant Account? A merchant account is a special bank account that allows your business to accept debit,… Read More »