Before we talk about PayPal, let me quickly breakdown the entire Payment Process behind the scenes
There Are Five Key Participants in the Payment Value Chain
Merchants: These are businesses or individuals selling goods or services. To accept card payments, they must open a…
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Consumers: Often referred to as cardholders in the context of card payments, consumers are the end-users who initiate the payment process with the merchant. They benefit from the convenience of electronic payment methods for goods and services, both online and offline, and may…
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Now that we know the main players, this is the entire process
Cardholder makes a purchase: The process begins when a cardholder uses their credit card to make a purchase at a merchant's point of sale (POS) terminal, online, or through another payment method like a mobile app or… pic.twitter.com/Q9ujv4IHGZ
— Simplifying Stocks, CPA (@FinFluentialx) January 26, 2024