billing Term
What is Credit Card Processing?
Definition
The handling of credit and debit card transactions, including authorization, settlement, and deposit of funds.
Understanding Credit Card Processing
Credit card processing involves multiple parties: card networks (Visa, Mastercard), issuing banks, acquiring banks, and payment processors. Fees are charged at each step.
Why It Matters for Waste Haulers
Accepting cards is expected by customers. Understanding processing fees helps with pricing decisions.
How GarbyX Handles Credit Card Processing
GarbyX handles card processing through Stripe. You can optionally pass card fees to customers at 3.99%.
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