Get A Modern Solution For Credit Card Processing

There is no doubt that credit card payments are one of the most secure payment methods. Credit card payment helps you in maintaining the cash flow for your business. But, do you know the complete processing of online credit card processing? Let's have a look.

Parties involved in credit card processing:

Merchant – The person who owns the business and requests credit card processing.

Cardholder – The consumer who owns the credit card and initiates the payment against his purchase.

Card Association – The card networks like Visa, MasterCard, Amex, and others. These governing bodies set the transaction rate between acquiring and issuing banks and maintaining and improving their network.

Acquiring bank – This is a merchants bank. They accept the payment once card authorization gets done and deposit them into the merchant's bank account.

Issuing bank – It is the cardholder's bank. They issue a card for the customers. When a customer initiates the payment, they authenticate the payment and give permission. 



Payment processing 

Whenever any of your customers make credit card payments, each of the above parties gets involved. Let's discuss the process in a nutshell.

  1. The customer makes a purchase.
  2. The customer uses a credit card to complete the transaction.
  3. The card gets authenticated.
  4. The issuing bank transfers the funds to the acquirer's bank.
  5. Acquirer bank deposited the fund into the merchant's account.

Why is it complicated to get a credit card processing for the high-risk merchant? 

If we talk about getting credit card processing for the high-risk industry, it was always challenging. High-risk merchants do not get the credit card processing service due to many factors like-

  • Business Nature
  • Chargebacks
  • Fraudulent activities
  • Bad credit and others

Due to the reasons mentioned above, financial institutes and banks do not consider them to provide their services. 

Webpays is there to support you with credit card processing

If you are a merchant in the UK, looking for credit card processing UK, Webpays is the right destination for you. Your business nature does not matter for us. We provide service to all industries, whether it is low-risk or high-risk.

Webpays facilitates merchants with credit card processing service and entitles them to accept credit card and debit card payments. Our payment gateway has inbuilt PCI-DSS Level 1 compliance to secure your payment processing from threats.

You can minimize the chargeback ratio with credit card payments.

Offshore credit card processing

If we talk about the global platform, credit card processing is an essential feature for industries. It helps you in accepting payment from your international customers more conveniently. Credit card payment helps you with real-time currency processing. You can allow your customers to make payment in any currency.

Webpays provides you with international credit card processing to make your global transactions hassle-free. It enables you to offer your international customers to make payment via credit card or debit card. 

To know about credit card processing, connect with Webpays right now.

Tags: high risk merchant account, global merchant account, Offshore payment gateway, Payment Gateway UK


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