Get your bank account ready!

Banks can be as hard to work with as they will be essential for your business, especially in the payments industry.

For a lot of people, payments are something that is kind of magical, something happening behind closed doors. You press your card against a POS payment terminal and your money somehow goes from your bank account to the bank account of the merchant you are buying from. It is however a little more complexe than that; a normal credit card transaction, for instance, will include issuing bank, payment terminal, payment gateway, acquiring bank, card schemes and finally the merchant’s bank.

There’s something you can be sure of: all these players take a cut of all transactions going through them, especially banks through something called interchange fees; these fees are usually passed on to end-users. As a business, you will constantly have to deal with banks, whether it is to get your merchant account or to fight a chargeback. Even though some say banks are not your friends, you definitely don’t want to have them as your enemy.

We help to solve the problem without special complications.