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I sit close by to the people that deal with this at work, so my understanding is very limited. Payment processors, service providers, reconciliation, yatta yatt
by vegardx 6y ago
I sit close by to the people that deal with this at work, so my understanding is very limited. Payment processors, service providers, reconciliation, yatta yatta. We used to joke around with them about carrying cash, just in case. We stopped joking around when we realized they all did.
- AmericanChopper 6y agoPayment processor could mean a number of different things. It could mean a tiny gateway operator. The sort of thing that can fail quite happily without impact transaction processing (most services you use will be backed by redundant gateways). I carry some cash too. But the times I’ve needed it were for things like an outage of the internet connection at a restaurant, or an issue with a payment terminal provider (or for the very uncommon cash-only merchant).