Getting Down to Basics - Payments Processing (Part 1)

Payments processing is all about moving money. This episode of the Merchant Sales Insight zeroes in on the particulars - the technologies and processes that drive the movement of money, and by extension your residual streams.
- Learn how money flows from cardholder's account to merchant's account
- Discover how interchange works, and why it fluctuates.
- Identify other costs that get built into merchant fees
This is the first of a 2-part series.
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[@user-wd3wi4kv1d]

Really appreciate the "over-simplification"! The first video that is actually clearly explaining the process while stating what each terminology means!

[@frankzarauskas7980]

Thank you for keeping it simple!!! I’m starting in this industry and trying to learn ~ love your videos!!

[@InstructorBA1]

hows it going ?

[@CBWeir]

Nice jacket!

[@mistoverwater6]

Thank you.

[@Plantbasebambi]

The bank don’t let us know you paid us just give us the money but we don’t know who paid us. We have to reaserch it.

[@irajt5667]

Interchange is really a dark art!

[@markbandy2066]

What do you mean by that statement, “a dark art?”

[@paymentspace2968]

Thank you!

[@emilymason9045]

Can you share the source for the 2.1% number? Great video!

[@Mellowconnects]

How much is the 4% fee thats charged to the customers ?

[@DaLoco33]

No wonder my company doesn’t charge a fee on checks

[@Plantbasebambi]

I line getting paid with a check