My Merchant Account Blog
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Settlement
Friday, August 19, 2011
The process by which the processor, working on behalf of the acquirer , debits the issuer for a transaction and credits the acquirer, and where the acquirer then credits the merchant. Settlement also involves payment to the card brands, calculating discount and qualifying a transaction for the appropriate interchange. Other aspects include exception processing, returns and disputes.
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My Merchant Account Blog Recent Entries
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