A bridge between your customer’s bank (that issued card) and your business bank account. The Processor must either be or also have an Acquiring Bank if it is a non-Bank Processor. Processors assume risk because they guarantee the Issuing Bank that the charge was secure, legitimate (no fraud involved) and assume additional risk because they cover network fees, gateway fees and Interchange fees while waiting to recoup expenses for these fees at the end of the statement period.
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