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Subject Topic: How Would You Rate Your Merchant Account? Post ReplyPost New Topic
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davidjohn6366
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Joined: 30 July 2022
Location: United States
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Posts: 136
Posted: 19 September 2022 at 21:01 | IP Logged Quote davidjohn6366

It is said that knowledge is power. This article will help
you get to know as much as possible about merchant accounts
and the system behind it.

There is a hierarchy to the system that starts with
companies like Visa and MasterCard all the way to the agent
that opens your account.

1. The Card Companies: These are the companies that created
the cards and govern their use. There are three major card
companies in services-iso-agent/home">become a credit card processing
agent
the U.S and numerous other smaller concerns.
Visa and MasterCard have the largest market share in the
U.S with a share of 83%. Next is American Express which
accounts for 13% followed by Discover Card with 4%. These
companies create cards and regulate and govern the
functioning of their cards within their member banks.

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