Merchant Networks

Merchant networks are systems that connect businesses (merchants) with payment providers and financial institutions to facilitate electronic transactions. They enable customers to pay using credit cards, debit cards, or digital wallets across multiple stores or online platforms. These networks ensure secure, quick, and seamless payment processing by standardizing communication standards and managing transaction approval, settlement, and fraud prevention. Examples include major card networks like Visa, MasterCard, and digital payment gateways. Overall, merchant networks streamline the payment process, making it easier for consumers to pay and for merchants to accept various payment methods securely.