How merchants pay credit card fees and what component is interchange fees? FeeFighters.com: Save 40% on your credit card processing in 3 minutes.
Great illustration of what happens when a credit card is used to make a purchase. FeeFighters.com: Save 40% on your credit card processing in 3 minutes.
Answer by Faisal Khan: This is a pretty wide open question. Will try to answer as much as I can. I’ve included more visual versus text, as visuals can very easily get the point across, in a few minutes. Should you wish to explore further, I have provided some relevant links for further reading. First …
Answer by Faisal Khan: Here is a detailed explanation of the steps that outline both the regular remittance model and the pre-pay remittance model. The slides below describe in detail what happens during a transfer, flow of money and who makes what during the transaction. View Answer on Quora
Interesting infographic on how banking trends are going to change