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Third-Party Payment Processing- Everything You Need to Know!
Submitted by markharries » Sat 03-Sep-2022, 09:12Subject Area: GeneralKeywords: Third-Party Payment Processing | 2 member ratings |
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As a business owner, you know that accepting payments is essential to your success. But what are your options when it comes to payment processing?
Third-party payment processing companies offer a variety of services that can benefit your business. Here’s everything you need to know about third-party payment processing:
What is third-party payment processing?
Third-party payment processing is when a company processes credit and debit card payments for another business. These companies typically provide merchants with a merchant account, which is used to process and accept card payments.
Third-party payment processors usually charge a per-transaction fee and a monthly service fee. Some also charge an account setup fee.
What are the benefits of using a third-party payment processor?
There are several benefits of using a third-party payment processor:
Convenience: Third-party payment processors make it easy and convenient for businesses to accept credit and debit card payments. All you need is a merchant account and a way to connect to the processor (usually through a website or shopping cart)
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