credit card & debit card process?

Question

Hi everyone

Can anyone pls tell me exactly wat are the debit card & credit card process steps?

i am not asking about which card is good or bad. m asking about implementing it. i mean how these both cards works?
actully m developing an application flow chart in which i need to draw flow chart for credit & debit card process.
pls help me.

Answer 1

You do not have to invest plenty of money to buy credit card processing equipment. You just have to use the merchant account services account, purchase or rent a credit card processing unit, and you can start. Fit it into your electrical connection or use a wireless unit when you are on the move. This ensures credit payments are simple, quick and safe. You can expect to pay a transaction fee of 25 cents for each transaction or a reduced monthly interest with minimums. Other expenses can consist of discount fees, gateway fees, print statement fees, and membership costs. There may be other miscellaneous expenses too. But on the whole, positives of a merchant account are more than the negatives.

Answer 2

You need to open a merchant account. You can google for merchant account providers or go to your local banks and speak with a representative about which type of account will be a good fit for you and negotiate the prices.