Understanding a Credit Card Processing
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CREDIT CARD PROCESSING
Credit card merchant account processing refers to the series of operations required to complete payments made with a credit card in person, online, over the phone, or by mail. This is a complex service involving multiple moving parts, emerging technologies, payment networks, regulatory bodies and financial institutions. Like any service involving that level of complexity, credit card processors often vary in quality.ty.
Details
MAX LOAN AMOUNT:
$10K to over $1M
LOAN TERM:
3 months to 18 months
INTEREST RATES:
7% – 25%
SPEED:
Under 24 hours (in some cases)