UniBul Merchant Services provides credit and debit card acceptance capabilities to US-based businesses and non-profit organizations. Whether you accept cards in a brick-and-mortar store, over the phone, in the mail or on your website, the payment process is the same, only the tools that facilitate it are different. We provide these tools and connect your store with the credit card companies and associations.
Here is how a card payment is processed. There are several parties involved in the transaction:
- Cardholder is the authorized user of a credit or debit card.
- Merchant is any entity that is authorized to accept cards for the payment of goods and services.
- Merchant Bank (also known as Processor or Acquirer) is a financial institution that provides card processing services to the merchant.
- Credit Card Network or Association is a membership organization of financial institutions that issue payment cards and/or sign merchants to accept such cards for payment of goods and services. There are two Credit Card Associations – Visa’s and MasterCard’s.
- Card Issuer is a financial institution that issues payment cards and contracts with its cardholders for billing and payment of transactions.
The entire process, from authorization to funding, takes about 1 – 2 days.
UniBul Merchant Services will connect you with the other participants in the payment process to enable you to accept cards. We will deposit your money into your designated bank account as soon as on the day following the transaction.
How to get started?
To begin accepting card payments, contact us now and we will send you a detailed pricing proposal, the application form and instructions on how to get started. The set-up takes 2 days on average.
