Credit Card Processing Services 

In the rapidly growing business of retailers and ecommerce practices, the use of some of the best retail merchant services have increased in varying proportions. Being utilized by giant firms including “Amazon” and other well-known online stores. 

Credit card processing services have become something of a huge convenience for both businesses and customers alike. 

Now you might be wondering, what is a credit card processing service? How does it work? 

This article will be focusing on that single aspect of your thoughtful enquiry, the term “credit card processing” will be explained in thorough details and do away with the conundrums that are affecting you.

What is a credit card processing service?

In rough terms, a credit card processing service is essentially referred to as a merchant service. What they do is give either a small business or a big firm the tools and ability to process payments from their customers, create a new payment gateway for receiving payments and alike. 

What do you see when you try to order something online? Obviously, a payment page appears before you. You are given various options to choose from the payment types, it could be a credit card, debit card or some sort of wallet. 

After you choose a desired payment method, you are redirected to your bank’s payment processing gateway. Only after you given out your secure credentials do they authorize your payment. 

Now, this type of online payment can be done two ways, using a mobile app of the given company you are ordering from or from your computer itself. These are some of the essentials of retail merchant services.

It does sound simple for the customer, but the real troubling part comes for the business itself. 

As there are various credit card processing services, a small business would be hard pressed to look for a cheap alternative. Especially over “PayPal” which while it comes under some of the best credit card processing services due to being ideal enough for managing international and local transaction, can cost a good amount finances for the firm using it.

Now, there are various types payment techniques used by companies, some of them are:

  • Mobile Payment: Probably the most trending out of all, mobile payment is a rising source of income generated by online retailers due to how convenient it is to order anything online from just a tap of the phone along with a highly secure payment gateway.
  •  Online invoicing: Online invoicing could be considered the heart and soul of a business as it allows a company to keep a track of their bills and send their customers the accurate pricing of a product to keep their business consistent.
  • Point-of-Sale: Point of Sale(POS) systems are extremely beneficial for restaurants or companies that rely mainly on in-person payments. POS machines come integrated with a computer monitor, a cash register and online credit card systems.Visit the site: SattaMatka

Credit Card Processing service can allow different services depending on who you choose, some give out an all in one solution that are ready to be used from the start without any sort of trouble. 

This is preferred by most businesses as they mainly want to start their work as soon as possible without complicating matters. The other type of credit card processing service given by a merchant is less direct, it mainly involves supplying you with an API. 

This can be beneficial for a company requiring a specific and customized gateway payment system for use, although the main disadvantage of using this one is the fact that one will require a decent knowledge of technology, something that could turn away some firms from utilizing it.

Now let us look at the pricing model of credit card processing services utilized for the purpose of retail merchant services.


Pricing generally depends on what kind of merchant service a business prefers, there are various types to their subscription module. Some of them are:

  • Percentage Markup: This sort of subscription model focuses mainly on how many transactions made using different cards since their interchange varies based on the value of a credit card, this can result in varying fees to pay by the end of a month. 

In simple terms, a business will have to pay the provider additional percentage charges along with varying interchange fees the month thereafter.

  • Flat Rate: Probably the most desirable pricing model for a company, this type of model keeps the percentage markup the same for any type of card, which results in you paying the same interchange fees for whatever card that is used to process the payment. 

This is one of the reason why Square comes under some of the best credit card processing services as it always takes 2.9% of interchange regardless of the card type used.

With these two pricing models, one will have to decide what sort of subscription they want depending on the retail merchant services they acquire.

With that said, the merchant services choice will mainly depend on the state of your business, whether it is just a start up or it has already been established.

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