Cards
Accept payment through Debit and Credit 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. |
Updated about 1 month ago