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As card processing is not a linear supply, when selecting a supplier we thought it would be useful to understand who the players are and what they do.

You’ve decided on a card processing supplier, now you need to fill in application forms for your merchant account (or internet merchant account and payment gateway), your terminal rental and direct debit mandates.

It matters because interchange is your acquiring bank’s biggest cost and will be passed onto you through your transaction charges, otherwise known as your merchant service charge (“MSC”) .  It is payable by

PCI DSS’s full name is Payment Card Industry Data Security Standard.  It is intended to enhance payment account data security by reducing the risk of loss, theft or misuse of cardholder data.

Despite our choice of photo…….chargebacks are not to be confused with refunds or cashback!