KYC
1. DL
2. Personal Bank Statement
KYB
1. AOI
2. EIN
3. Business Bank Statements
4. Void Check or Bank Letter
A business can successfully grow if it has all kinds of required services. A credit card processor is one of those services. If you have business or organization which prepares documents or keeps the records in the written form, then you must, without any doubt, get a credit card processor for accepting payments.
How Does Credit Card Processor Work?
First of all the issuing bank issues the card to the card holder. The cardholder is often referred to as a consumer once the card has been used to pay for goods or services. The consumer then pays the required amount to the merchant in exchange for goods.
Then this payment is accepted by a merchant bank or acquiring bank to complete the transaction. Though in this story the leading role is played by the payment processor or credit card processor which accepts the payment on the behalf of the merchant and his/her bank.
How Would It Help In Document Processing Businesses?
A credit card processor plays a vital role in any kind of business. If the company has the business of processing documents then a credit card processor will be worthwhile for the business. It can eradicate the efforts of merchants when it comes to being paid for their services. A couple clicks and any person can be your customer.
Comments