What You Didn’t Know About Credit Card Processing

Dec 8, 2021 | blog | 0 comments

Credit cards have been around since the 1950s when the Diner’s Club launched its first universal credit card, which could be used at several different locations. In 1958 American Express introduced a travel and entertainment card.

The acceptance of credit cards became very popular during the 70s, as gas stations and grocery stores came up with their credit card terminals that made it easier for people to pay for items using their cards.

People have become more and more reliant on them, and today businesses that do not accept credit cards are missing out on a good share of revenue.

Have You Ever Thought About The Concept Of

A Credit Card?

Credit cards are used for one reason, money. They are used because they provide instant credit, and it’s so much easier to use a card rather than carry cash around. This is the main reason why banks started processing credit cards for businesses.

With a credit card comes a lot of freedom and safety. Not only do they offer the advantage to pay without having to carry cash or checks around, but many credit cards also have loyalty programs that allow you to receive points or miles that can be redeemed for rewards.

What Is Traditional Processing?

Credit card processing might be a pretty broad topic, but it’s not as complicated as it seems. At its core, credit card processing refers to the process of getting a credit card payment from a customer.

Nowadays, processing credit cards is necessary to run a successful business. In simple words, traditional credit card processing is one of the most convenient ways for business owners that allows them the possibility to increase sales. More payment options = more sales.

How does Traditional Credit Card Processing


Traditional credit card processing involves three parties:

  • The issuer (the bank that issued your cards).
  • The acquirer (the organization you’re doing business with/receiving services from).
  • The merchant.

When a client purchases goods with a credit card, the merchant processes the transaction through their POS (point of sale systems) or e-commerce. After that, the acquirer transmits this information to your bank’s issuer for approval (or decline).

Funds are sent from the customer’s account to the merchant’s if the transaction is accepted. Merchants pay a commission to credit card processors for each transaction. The commission fee varies depending on the merchant and the industry specialization.

Certain Pay: Top Payment Processing

Company in Richfield, Ohio

At Certain Pay, we handle all your credit card processing needs, so you can focus on what you do best – run your business! We have the latest technology in credit card processing, so you don’t have to worry about security issues. 

Credit Card processing with Certain Pay is safe, secure, easy, and hassle-free! The best decision you’ll make will be coming to us to handle all your credit card needs!



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