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Registered: ‎12-03-2014

Money transfer between bank account

When I deposit money from users bank account using echeck, and I will finally recevice the money in my merchant's bank account, is that right? I don't need to transfer money to any middle "internal account" and then have to withdraw money from that middle internal account to final target merchant bank account, am I right? Thanks.

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Registered: ‎12-05-2011

Re: Money transfer between bank account

I would recommend watching this video for details on how the payment card process works:

 

https://www.youtube.com/watch?v=9bm0b8pdKws

Learn how merchants accept credit card payments. This video illustrates how the credit card process works by breaking it into three easy steps. Sponsored by ...