
Topic
How Online Payment Processing Actually Works Behind the Scenes
A single card payment crosses at least four companies between checkout click and settled funds. Here is the route, and where the fees sit along it.

A single card payment crosses at least four companies between checkout click and settled funds. Here is the route, and where the fees sit along it.

A working method for separating what a market story proves from what its headline implies.

The acquiring bank routes the authorization, absorbs the merchant's risk, batches the day's sales, and funds the merchant's account — usually minus fees.