Visa and MasterCard publish a rate schedule which represents the cost charged the ISO / MSP to process your credit/debit transactions. These rates will vary depending on the card type and circumstances of the reporting method.
Credit card processing is the means by which a merchant accepts payment for goods or services via a credit/debit card. This information is transmitted to credit card company via an ISO / MSP (Independent Selling Organization / Member Service Provider) for funds deposited into a merchant’s bank account of choice.
