27-09-2016, 21:12
(27-09-2016, 21:04)laura20 Wrote:(27-09-2016, 21:02)Junior Wrote: I just don't think Laura understands how banks work & what a payment processor is along with the legal issues etc.
no i dont - hence y i ask questions
Basically, the payment processor is the facilitator when paying mass accounts. What happens is adultwork sends them details of all the accounts to be paid; and the payment processor pays them. They also take care of any conversion/transaction fees which they then bill adultwork for in addition to the funds to be paid - which is why adultwork charge commission.
It's rather like when you take credit card payments - you need a card payment processor in order to facilitate the funds between the payers bank account, the card and finally the recipient.
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www.thedeviantdomme.com
Twitter: @DeviantDomme
View My Adultwork Profile here.