A DETAILED GUIDE ON CREDIT CARD PROCESSING
The term “credit card processing” is used to refer to a broad range of actions and processes that facilitate the usage of credit cards as a form of payment. The four main categories of credit card processing are authorization, capture, clearance, and settlement. Authorization is the procedure used to confirm that the owner of a credit card has the money necessary to pay for a purchase. Either the cardholder’s bank can be contacted directly for this purpose, or an…