What is credit card processing?

Credit card processing is the series of steps involved in handling a payment made with a credit or debit card. This process includes capturing the cardholder’s information, verifying and authorizing the transaction through a payment gateway, and transferring funds from the customer’s account to the merchant’s account. Credit card processing services are essential for businesses that want to accept card payments online or in-store. The process ensures secure and efficient transactions for both merchants and customers.