davidjohn6366 Matrosen-Stabsgefreiter
Joined: 30 July 2022 Location: United States
Online Status: Offline Posts: 136
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Posted: 19 September 2022 at 21:01 | IP Logged
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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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