Tuesday, January 18, 2022

Online Payment Processing Resources

 I just looked at my inbox and saw a few items that are worth sharing.

Payments 101: A Guide to Who Does What in Payments - free download! From a processor called Infinicept

The Global Payments Report by McKinsey (high end global consulting firm. They're very smart. Just ask them!)

A Small Business Guide to Payment Processing by the Motley Fool (a huge investment info and advisory service which started with and still has some attitude)

A Detailed Guide to Payment Processing by GETTRX.  Very detailed. Love this one.

Credit Card Processing- A Definitive Guide by M2P Fintech (Medium?). notes...

Credit card processing fees are broken into

  1. Interchange: The commission fee that goes to the issuer bank, non-negotiable.
  2. Assessments: The commission fee that goes to the card network brand, non-negotiable.
  3. Markup: The commission fee that goes to the payment processor, negotiable.

 



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