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The payment processing journey in e-commerce

   Before you can start accepting payments from clients, you need to  register  for a merchant account. The account has a unique set of numbers,  similar  to a bank account, which tells the acquiring bank that the  transaction  made belongs to you. The  acquiring  bank, in this case, is the financial institution that processes credit and debit cards on behalf of the merchant. Please note that each   hospice los angeles  merchant account comes with differing fees. They will charge you monthly or take a specific percentage from every transaction or product  purchased . What happens on the customer’s side Once the shopper sees a product they want to  purchase , they will click on it to make an order. During the checkout  process , they need to enter their personal and payment details. The payment detail section will need to state their preferred payment option. It could be via  credit , debit, or any other online  payment  method. The work of the payment processor in this process Normally