Who's who in your merchant account

Delve into the intricacies of payment processing and gain insights into the primary players that shape this dynamic industry.  "Unravel the World of Payment Processing with Make the Impact" sheds light on the essential players driving the payment process.

Meet the Primary Players:

The Customer:

At the forefront is the customer, the individual eager to utilize their credit card to pay for your goods or services. Understanding their role in the payment process is crucial for a comprehensive perspective.

The Merchant (That's You):

As a merchant, you play a pivotal role in enabling customers to make purchases using credit or debit cards. At Make the Impact, we recognize the significance of merchants in driving commerce and offer tailored solutions to support your journey.

The Issuing Bank:

The issuing bank, a key player in the payment process, extends credit to customers and issues credit cards. Understanding their partnership with major card networks is essential for navigating the complexities of credit card transactions.

Merchant Bank (or Acquiring Bank):

Your ally in the payment process, the merchant bank, represents your interests. It facilitates agreements for accepting credit cards and ensures a smooth process from installation to day-to-day service calls. Make the Impact stands by merchants, offering support at every step.

The Card Network:

Visa, MasterCard, American Express, and Discover form the card network, central to the payment industry. These companies provide the electronic infrastructure for seamless communication among consumers, merchants, processors, and banks. At Make the Impact, we recognize the importance of card networks in driving secure and efficient transactions.

Payment Processor:

Acting as an intermediary, the payment processor facilitates transactions through the system, obtaining authorizations and deposits via the card network. While merchants may not choose their payment processor directly, Make the Impact ensures a transparent and efficient process aligned with your bank or financial institution.

Payment Gateway:

The payment gateway, a crucial software service, empowers merchants to transmit payment requests securely. From card data receipt to authorization, the payment gateway seamlessly communicates with the processor and issuing bank. Make the Impact emphasizes the importance of this step for a secure and efficient payment process.

Unlock the Full Picture:

Now that you've met the key players, embark on a journey to understand how they collaborate. At Make the Impact, we are committed to empowering merchants with knowledge and tailored solutions. Join us on this enlightening journey into the world of payment processing. Contact us today start your credit card processing journey with Make the Impact!