The complete guide to payment processing

Credit card processing functions much like general payment processing, specifically handling transactions when a customer swipes, inserts, taps, or enters their credit card details online. The card processor acts as a communicator between the payment gateway, the specific card scheme or brand (like Visa or Mastercard), the customer's issuing bank, and the merchant's acquiring bank. 

White-label payment processing allows SaaS businesses and platforms to embed financial services like payments, business accounts, lending, and cards directly into their systems under their own brand name. This approach lets platforms offer financial services to customers and add even more value to subscribers while opening up new revenue streams. 

Enterprise payment processing is a high-volume solution designed for global businesses with complex financial needs. Unlike standard processing, enterprise solutions offer multi-currency support, advanced data security (like network tokenisation), and unified reporting across multiple sales channels and regions to help large organisations scale efficiently.

The full payment processing process takes 24-48 hours from the moment a transaction is initiated to the moment money lands in your merchant account.