: The financial institution that maintains the merchant's account and processes the payments.
: The system checks if the customer has sufficient funds or credit. merchant credit card
: Adding a fee for using a credit card is illegal or strictly limited in many regions, including parts of the US and the UK . : The financial institution that maintains the merchant's
Payment processing happens in several distinct stages, often in a matter of seconds for authorization, with settlement following later. merchant credit card
: Under Visa and Mastercard rules, merchants are generally prohibited from requiring a minimum purchase amount to use a card. 🛡️ Risk and Security
: A single percentage for every transaction (common with providers like Square or Stripe ).