At a glance, processing a credit card payment couldn’t seem more straightforward. The card goes in the slot, the terminal does some behind-the-scenes communication with the credit card mothership, the customer scribbles a rough approximation of their signature on the screen, and presto—a transaction has occurred.

For the layperson, this explanation may be sufficient, but merchants need a better understanding of the technical details of credit card processing in order to protect themselves from fraud and chargebacks. What do merchants need to know about how credit card processing works, and how can this inform the best practices for handling transactions?

Full Text:
https://www.chargebackgurus.com/blog/credit-card-processing

©Chargeback Gurus 2021
Production: Emily Woodward
Narration: Phil Claffey