Credit card processing is the method of moving money from a customer's credit card account to a merchant's account to pay for a purchase. The process is simple and fast for both the merchant and the customer; it only takes a few seconds for the transaction to complete. Behind the scenes, however, the process of moving money is complex as the data must travel between the merchant, their processor, the credit card brand's network, the customer's bank, and the merchant's bank.
A co-branded credit card is sponsored by two parties. Typically, one is a retailer — such as a department store, gas retailer, or airline. The other is a bank or card network such as Visa, MasterCard, Discover, or American Express. With co-branded credit cards, cardholders may get merchandise discounts or rewards points when they buy from the sponsoring merchant, but can also use the cards any other retailer that takes cards from the bank or card network.
Our crypto payment processor helps any type of online business accept crypto payments and receive an equal amount in the national currency of their choice instantly or hold it and pay with crypto to their partners and affiliates. For example, one of the best cases is when merchants receive Ethereum as payments from their customers, convert it in USD to avoid any risks and then conversion required amount in fiat to crypto for settlements with partners.