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Credit Card Processing
Credit Card Processing Service
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A credit card processing company is a type of bank credit card processing account that allows businesses to accept payments by payment cards, typically debit or credit cards. A credit card processing service is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. In some cases a payment processor, independent sales organization (ISO), or merchant service provider (MSP) is also a party to the merchant agreement. Whether a merchant enters into a merchant agreement directly with an acquiring bank or through an aggregator such as PayPal, the agreement contractually binds the merchant to obey the operating regulations established by the credit card processingcard associations.