Only when the businessmen could able to differentiate all those merchant account details, payment gateway, or else the white labelling process and finally the processor, it would be easier to manage all of these business issues. By this, we can make some differentiation of white label payment gateway software , merchant account, and the processor one.
1. Merchant account
First of all the merchant account is just mean by the system or else the transaction flow that has a look of actual movement of money. Here the facilitating might cross over until the completion of the entire process which means we can have the actual output like when the amount is debited from the sender account and at what time it reaches the account of the receiver. It is harder to take credit card payment money does an actual movement. And it expects few comparisons, and merchant account is much important from a pricing perspective. Anyhow, most people would expect how much do the bank would pay them back once they have deposited a large amount of money. Finally, the merchant account is one of the percentages pay whenever you run a card.
2. Payment Gateway
And this concept is …Read More