| Title | : | How Credit Card Processing Works - Transaction Cycle u0026 2 Pricing Models |
| Lasting | : | 8.10 |
| Date of publication | : | |
| Views | : | 740 rb |
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I own a merchant services company and have been in the industry for a while, and I feel like this video is subtly (or intentionally) steering people towards tiered pricing First, the example given is a Visa Rewards 1 card with an interchange rate of 165 and 10 cents per transaction There's no company in the world that classifies that card as a qualified card 99 times out of 100 qualified cards are only card-present debit cards - and oftentimes they're specifically regulated debit cards Tiered pricing is advantageous to the merchant services provider because there's no transparency or accountability They sell it to merchants based on its simplicity, but I've yet to ever find a merchant that was better off on tiered pricing and I've been doing this a LONG time Comment from : Jaron Rice |
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It's really good videoi would like to request you can you make a video chargeback processist cb and 2nd cbif possible Comment from : vipin pandey |
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But the merchant is a scammer Comment from : will |
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thanks much for the video
bri want to run an online store and i wish to know more about payment methods please i want to find out, does one need two separate merchant bank accounts to create visa and MasterCard or we can create it with one bank account? Also lets say one has just the the visa card will it matter if customer is paying through any other card? Comment from : GODBOY NJOH |
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what is a processor in this video, give me please an example? Comment from : Nikolajs Rubaniks |
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Good to know how it really works I want to start my own e-commerce business and was going through tones of different webinars and pdf's This video I found most valuable Additionally you can check out what I found: payg2acom/blog/grow-your-ecommerce-business-ebooks/ Comment from : Davider Singh |
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be careful if you paid with payment aggregator Search information about payment processor company on the web or use a popular payment system like Amazon Payments, Orangepay, Dwolla, Stripe Comment from : Paul Hudson |
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You are obviously reading from a sheet It would have been better if you slowed down and took a breath Comment from : Hussein Doha |
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this is the kind of video that people should be watching instead of those which will actually teach you to keep on spending your money Comment from : Ms Money Boss |
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wow Comment from : estera ❤ |
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THIS VIDEO IS AMAZING Comment from : Andrea Acosta |
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bYou are the man It's sad that most of the people from outside the payment industry don't understand, even at a high-level, the ecosystem of payments Everyone knows Visa and MasterCard, but no one knows what they do and how they make money For the majority of the people, it's just a logo on their card These companies, both networks and merchant acquirers/payment processors, are very profitable These are essentially technology companies with very low overhead and highly scalable business I briefly worked for Vantiv/Worldpay and had a time of my life learning about the industry Thank you for this awesome educational video You should charge your own interchange for doing this video :)/b Comment from : Stephanie Hale |
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thanks Ramesh Comment from : Nnanna Ebiri-okoro |
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Good info Quick question: do "processors" typically include the physical card reader used in POS transactions? Or is it common to mix card readers amongst processor service companies? Comment from : jffsmth330 |
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How can I accept cryptocurrencies Comment from : Brenda Stubbs |
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Comment from : Nadine Campbell |
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