Chip Cards Point-of-Sale (POS) Processing Costs 
Stax
APRIL 18, 2024
The steps to process a credit card transaction Step 1: Authorization Request The process initiates when a customer presents their credit card for payment. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.
Stax
JANUARY 5, 2024
Selecting the right payment processing terminal will not only help reduce your processing costs, but it’ll also increase your profits. TL;DR A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions.
Payment Savvy
JULY 3, 2024
Let’s take a closer look at each stage: Authorization The process begins in person or online. The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal. PCI DSS Compliance This is the cornerstone of debit card security.
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