Credit card processing is a critical service that ensures that customers can make payments quicker, easier, and more efficiently.

The number of parties involved:
There are several parties involved when your customers swipe their credit cards:

• The Merchant - The merchant is the sole owner of the business who is accepting the payment through credit card processing.

• Card Holder - The Card Holder is the customer with the credit card being used for the purchase.

• Card Association - VISA, Mastercard, American Express, etc. are the Card Associations. These are the governing bodies that aim to set the interchanging rates and strive to maintain and improve their networks.

• Acquiring Bank - The Acquiring Bank is the merchant's bank which holds the funds of the merchants and acquires the money from the sale.

• Issuing Bank - The issuing bank is the cardholder's bank. They issue cards to consumers. Issuing banks pay to acquire banks for the purchase, their cardholders make.

• Payment Processor - A simple credit card processing company like ours - Leaders Merchant Services handles the processing and essential batching of the purchases made with credit, debit, or gift card payments. We typically assist with various technological needs, acting as a middleman to card associations and banks.

Since our founding, we have been delivering the best merchant services. We cater to companies of all sizes for their credit and debit card payment processing needs. Additionally, being one of the most renowned and fastest-growing payment processing service providers, we are extremely committed and dedicated to providing services of excellence in all aspects of merchant service relationships.

In addition to all the mentioned aspects, our company is acquired with one of the largest Chargeback and Fraud Departments in the industry, thus, providing our clients with the highest level of services and protection for the merchant accounts.

Connect with us today to learn more.
Phone - 800-220-4143
Website - www.leadersmerchantservices.com