In today's world of cashless payments, merchant services (or acquiring) play a crucial role in enabling businesses to accept payments from customers. However, not all enterprises can easily obtain this service. High-risk businesses, in particular, face significant challenges. In this article, we will explore why it is difficult for these businesses to secure merchant services and the factors that influence this process. What is a High-Risk Business? High-risk businesses are enterprises that,...

How a Payment Processor Works Payment processing is a system that enables transactions between buyers and sellers in electronic payments. Payment processors play a key role in this process, ensuring the security and speed of operations. They accept payment data, verify it, process it, and transfer money from the buyer to the seller. The work of a payment processor involves several stages. First, when a customer enters their card details on the seller’s website, the payment processor...

What is Payment Processing? Payment processing is the series of actions and interactions that occur when a customer makes a purchase using a credit or debit card. This complex system ensures that funds are securely transferred from the customer’s bank account to the merchant’s account. The process involves multiple entities that work together to authenticate, authorize, and finalize transactions, making it a crucial component of modern commerce. How Does a Payment Processor...

Card processing is an integral part of the modern economy and provides businesses with the ability to accept credit and debit card payments. For high risk businesses, such transactions become especially important as they have to face specific challenges and threats related to their industry or business model. Card processing allows consumers to pay for goods and services conveniently and securely, and companies to increase their customer base and sales. The purpose of this article is to review...