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foreign are you having trouble understanding your merchant account are you confused about the rates and fees and how youre being charged if so this video will explain how it all works you dont need to know every little detail about credit card processing you just need to know enough to delegate the task to a provider thatll take care of everything for you nevertheless its important to understand the fundamentals so that you can properly make a provider selection in the next couple of minutes well discuss the merchant account transaction cycle and how it works interchange and its role in the process the two main pricing structures and how they compare to each other and at the end Ill give you a couple ideas on how to best select a provider that fits your needs lets look at the transaction cycle first the customer presents a card to the merchant for purchase of goods or services after the card is swiped or entered into the point of sale software the processor sends out for authori
