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WebDec 27, 2024 · 1. What is a credit card processing company? A credit card processing company (like Square) handles credit and debit card transactions for businesses. 2. How does credit card processing work? … WebHere is how a credit card is processed with Square: Authorization. When a merchant inserts or taps a customer’s card, the request is submitted to Square. We then send the transaction to the acquiring bank, which then sends it to the issuing bank for authorization. The issuing bank is checking for sufficient funds. rocket lawyer contract templates
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