How Credit Card Processing Works!

💳 Ever wondered how credit card processing works? In this video, we break down the entire process! Learn how transactions are initiated, authorized, and completed when you swipe, dip, or tap your credit card. We'll explain the roles of key players, like the merchant, payment processor, issuing bank, and acquiring bank, and how they work together to process payments securely and efficiently.
Whether you're a small business owner or just curious about what credit card processing is, this video will give you the insights you need! We’ll also cover the three stages of credit card processing: authorization, authentication, and settlement.
⏱️ TimeStamps
0:19 Parties Involved in a Credit Card Transaction
0:49 Stage 1: Authentication
1:21 Stage 2: Authorization
1:46 Stage 3: Settlement
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[@adityag6681]

Very good info