A cross border fee in credit card processing is an additional charge levied when a customer’s credit card transaction passes beyond the borders of the merchant’s home country. In other words, when a buyer located in one country makes a purchase from a merchant located in another, the resulting credit...
What is Credit Card Processing and How Does it Work?
Credit card processing is a technological and financial framework that allows businesses to accept payments from customers using credit cards, debit cards, and other forms of electronic payment methods. Whether you are shopping online, buying a cup of coffee, or booking a hotel room, credit card processing enables smooth, secure,...