The best Merchant Payment Processing Services in Cyprus

 The best Merchant Payment Processing Services in Cyprus

Merchant payment processing refers to an online payment or exchange of money online; it is based for goods and services over the internet. Effectively it is just a processing transaction of electronically. This process involves passing data by payment methods that chosen by a product buyer such as debit card, credit card, e-wallet and other. The payment process facilitate between seller and buyer with the use of internet.


The merchant payment processing services allow customers and merchants for the smooth transaction for online payments. It plays as a mediator role between the customers, merchants, card and issuing bank and makes them an important part of the financial industry. In briefly, merchant service provider handles entire electronic payment transactions. Also provide facility of funds to the customers and merchants.


Senmo offers payment processor technology to all type of business who wants to build customer relationship over the internet. The payment processor work done between the merchant and the bank involved in the transaction. This service approve and verify the payment, by check if the customer has fund in their account, if there are no limits on the account, or if the card is valid or not for the service and then transfer the amount to the seller. There are two types of payment methods such as online payments or in person payments.


Senmo handles entire transaction of the customers during online payments so that customers can buy your products. It means the payment processing communicates all information of credit or debit card and passes to the both your bank and customers bank. And check if there is enough balance in customers account then it is valid for use and give transaction. And all of these happen in a few second.


It is check for security while customer’s use credit card for the payment. In addition any customer proofs that your company illegally charged them, the payment processor will take care of the accidental transaction. But that means not customer will get charged, that company will pay for it. So in case customers not satisfy with your product or facing error during payment then company will provide fee for these transaction.

Merchant Payment Processing Services in Cyprus

Payment processor and payment gateway

A payment gateway is the front end technology that specially offers by the SENMO merchant service provider. That sends sensitive payment information to the customers about the payment processor. At the point of online sale payment gateway also authorized payment for card not present transaction. If customers need to accept credit card or debit card for e shopping they need payment gateway. Payment gateway services offered by some banks through merchant acquiring bank or payment gateway providers. In essence the payment processor allows the payment transaction, whereas payment gateway approves and decline of the transaction between merchant and buyer.

These payment processing helps your business to adept multiple transaction between customers and business. There are many players and functions involved in all transactions

1. The customers

2. The business/ Merchant

3. The payment processor

4. The payment gateway



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