What Is Credit Card Processing?
Credit card processing is a merchant service that enables businesses to accept debit and credit card transactions. Typically, this service is provided by a third-party company, known as a credit card processor or merchant processor. This third-party acts as a bridge between businesses and credit card networks. Credit card processing enables funds to transfer from a customer’s credit account to a merchant’s account during a transaction. This process can happen in person, over the phone, by mail or online.
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At Business News Daily, our team of small business experts regularly evaluates hundreds of products and services that are essential to business operations. To determine the best credit card processors, we scoured the market and narrowed down our list of recommendations after in-depth, hands-on investigations that considered cost, features and ease of use, among other criteria. All evaluations were conducted with accuracy and fairness at top of mind. Learn more about our methodology.