EBizCharge

NOVEMBER 12, 2024

Merchant underwriting is an essential component of the payment processing industry, ensuring the safety and security of electronic payments. This article will explore the mechanics of merchant underwriting, from the essential steps involved in the process to the factors influencing it. What is merchant underwriting?

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

Exact Payments

OCTOBER 30, 2023

Acquiring banks Acquiring banks, also known as acquirers, are banks that process payments on behalf of merchants. Issuing banks Issuing banks, or issuers, are entities that issue customer credit cards and handle the transfer of funds to the merchant’s account. This bank is known as the sponsoring bank.

Facilitators 52

Facilitators Processors Payment APIs and Integration ISOs 52

Exact Payments

NOVEMBER 8, 2023

Unlike traditional merchant service providers that resell payment processing, PayFacs own processing accounts and underwrite and onboard sub-merchants under their accounts. What makes PayFacs unique as compared to other MSPs is that they own a merchant payment processing account directly with an acquiring bank.

Facilitators 52

Facilitators ISVS ISOs Payment APIs and Integration 52