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Any business that wants to accept credit cards needs a payment processor. Even though the front-end process of paying with a credit card seems as simple and swiping or tapping your card, the back-end processing of the transaction is pretty complicated. This is handled by credit card processors like Unlock payment Services.
So, what exactly does a credit card processor do? Here is a step-by-step overview of how credit card processing works with:
The merchant (you) obtains the customer’s credit card information and submits it to Unlock Payment via a payment gateway. The payment gateway operates in the background and is just part of the complex setup that connects what happens at the POS with the actual transfer of funds.