Getting Down to Basics - Payments Processing (Part 1)
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- Опубликовано: 27 авг 2024
- 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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Really appreciate the "over-simplification"! The first video that is actually clearly explaining the process while stating what each terminology means!
Thank you for keeping it simple!!! I’m starting in this industry and trying to learn ~ love your videos!!
hows it going ?
Nice jacket!
Thank you.
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.
Interchange is really a dark art!
What do you mean by that statement, “a dark art?”
Thank you!
Can you share the source for the 2.1% number? Great video!
How much is the 4% fee thats charged to the customers ?
No wonder my company doesn’t charge a fee on checks
I line getting paid with a check