How Do Card Payments Work?

With card payments now accounting for more than half of all purchases made within the UK, it’s clear that increasing numbers of consumers and merchants are getting on board the trend. And with the rise of mobile and contactless payments improving the speed and convenience of the purchasing process considerably, we can assume the popularity of card payments will continue to grow.

However, something we don’t often think about is how it all works. To explain the process, our friends at Liberis, an alternative finance provider for UK businesses, have put together an infographic to demonstrate all the technicalities that occur behind the scenes.

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