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Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
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The merchant sends this payment information to the acquiring bank, i.e., the bank where the merchant wants to receive the payment. The bank forwards this information to the relevant credit card company. This information transfer is facilitated through a payment processor.
This request contains crucial information such as the card number, transaction amount, and merchant details. Helcim and Stripe are the more popular payment processors offering interchange plus pricing models. which then routes it to the cardholder’s issuing bank. The challenge with interchange plus can be the math behind it.
Beyond compliance, look for processors that offer advanced security features like tokenization and encryption, which add layers of protection to payment information. This feedback can provide valuable information on the pros and cons of each provider. Stax’ integrated payment platform sets a new standard in payment technology.
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