Scroll Top

search-icon
    drop-arrow

    Batch Credit Card Processing

    Introduction

    Batch processing refers to processing all the credit card transactions once—after closing the business for the day or as specified by the credit card processing company. It will mostly be done at the end of the day.

    What is Batch Credit Card Processing?

    Batch credit card processing comes at the second stage in the transaction processing cycle after swiping the card to the processing device. Batch processing enables securing payments from the customer's credit card issuing bank.

    After the credit card swiping machine sends authorisation codes to its payment processor company, the company segregates the transactions and forwards the codes to the respective banks. The banks, then, remit the payments to the merchants. The series of operations done to complete the payment forms batch credit card processing.

    Why Batch Credit Card Processing is Important?

    • Batch processing is part of the settlement of dues from the various banks to the merchant.

    • The process of authorisation of credit card is undertaken before the settlement of dues.

    • The authorisation takes place at the time of purchase of the goods or services.

    • The merchant bank processing the payment charges a fee from the business organisation.

    Index

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use

    ISO

    ISO 27001

    Data Center

    SSL

    SSL Certified Site

    128-bit encryption