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|processed payments irs||0.55||0.9||9218||36|
|processed payment pending unemployment||0.35||0.2||5206||17|
|processed payment letter||0.48||0.2||4711||43|
|processed payments on resume||1.92||0.1||9524||12|
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The act of processing payments between a customer and a merchant is referred to as merchant processing. This usually involves credit or debit card processing, or any other method of payment transactions, to be processed through the merchant’s processing terminal to complete the purchase of goods and services.What is process payment?
"Process the payment" is what the company / business does. The customer pays the amount. Then the company applies that payment to the account / invoice. Sometimes you see things like "It will take three to five days to process your payment.".How does payment processing work?
Payment Processors enable Merchants to receive Debit or Credit Card payments by providing a connection to an acquiring bank. These processors perform many functions such as evaluating whether transactions are valid and approved, and using anti-fraud measures to assure that a purchase transaction is initiated by the source it claims to be.