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Mobile payment processing: Acumatica-integrated payment solutions support mobile payments, allowing merchants to accept credit card and ACH/eCheck payments from smartphones and tablets. This automation ensures that payments are processed consistently, improving cash flow management and minimizing delays.
The merchant serviceproviders that a business is using to handle credit card payments play a key role in determining the size and structure of credit card fees. By facilitating credit card transactions, merchant serviceproviders act as intermediaries between credit card companies and the issuing banks.
The world of payment processing can be as complex as you let it be, but, one this is for certain, there are thousands of terms that merchant serviceproviders discuss, and oftentimes, merchants are left clueless about their meanings. A Acquirer The financial institution that processes payments on behalf of merchants.
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