Cards

Credit Cards are low density payment instrument however it remains an extremely critical payment method. With Domestic and International Credit cards, Installments (PayLater) option, Durianpay provides most comfortable range of payment options for end users.

Components and various stakeholders in case of Credit Card Payments are:

Components/Stakeholders	Explanaton
Card Scheme	Visa, MasterCard, American Express and Discover are among the largest card schemes, also referred to as card networks or card brands
Issuing Bank	An issuing bank issues credit cards to consumers on behalf of the card networks (Visa, MasterCard). Issuing banks front the funds to merchant accounts when someone pays with a credit card.
Acquiring Bank	The acquiring bank deposits funds from credit card sales into a merchant’s account. An acquiring bank or “merchant bank” manages and underwrites the merchant account that enables the merchant to accept credit and debit cards
Payment Processor	Credit Cards are issued across various networks. Durianpay currently accepts – Visa, MasterCard, JCB.