Why businesses should accept MasterCard payments?
Historically, MasterCard is one of the major card schemes of the world.
MasterCard is one of the major card schemes in the world. Except for the recognition and trust, there are many reasons why stores should directly accept payments from this type of card:
Types of MasterCard issued cards
MasterCard offers an extensive list of products - cards for people of different incomes, interests, lifestyles, and needs:
Individuals of any type from youngsters with their student cards to high-level executives with Platinum and Elite cards can become store buyers just because their card payments are accepted there directly.
Except for the difference in products, there are different types of cards offered:
How do MasterCard payments work?
The customer makes a Mastercard payment within a merchant's store.
A merchant sells goods or services to a customer.
The transaction is verified.
The customer's account information is captured by the merchant's payment acceptance system and securely sent to the acquirer.
The transaction is completed and sent to the bank.
MasterCard is requested by the merchant acquirer to obtain authorisation from the customer's issuing bank.
A request for authorization is made.
The transaction is sent to the issuer for approval by MasterCard.
Response to the authorisation request
The transaction is authorised by the issuing bank, which then sends the response to the merchant.
Make a payment to the merchant
The payment is routed from the issuing bank to the merchant's acquirer, who deposits it into the merchant's account.
Why you need to choose exactly® payment system?
Tailor the payment page according to your brand design to be able to provide a truly seamless payment experience
Easy and fast API integration to any website, application, or CMS
Analyse sales channels by studying the data provided by the built-in analytical system to be able to optimise processes and increase revenues