Move Business Forward With a Complete Payments Ecosystem
Streamline and tailor payment processing — so you can get paid faster.
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740 M+
LTM transactions
3.4 K
Avg new merchants per month
60.7 M+
LTM bankcard volume
More Efficiency, Fewer Costs
Unify business operations
Drive your business forward with solutions that flex to your business needs. With tools ranging from billing, to sales tracking, to customer engagement, MX™ Merchant enables you to streamline and manage all critical aspects of your business from one, easy to use source.
Simplify your payroll
Our comprehensive Payroll & Benefits solution automates payments, ensures tax compliance, onboards employees in minutes, and gives your business access to top-tier benefits — all while saving time and boosting efficiency. Ideal for business owners, employees, and ISO partners.
Streamline your financial operations
Centralize billing, sales tracking, and customer engagement with tools tailored to your industry and needs, like MX POS and eTab. Our solutions are easy to use and integrate within your current systems. And intuitive, best-in-class analytics and reporting provide full visibility into customer data and financial performance to support better decisions.
Reduce costs
Our centralized merchant services suite supports any fee-based solution, regardless of the processing environment. This enables you to more easily apply cash discounts, convenience fees, service fees, and surcharges — creating more opportunities to cut costs.
Streamlined Payments Processing
Agile Customization
You understand your business needs better than anyone. Priority Merchant Services balances ease of use and customization.
ISVs/Developers
Simplify integration and accelerate deployment with Priority’s comprehensive API suite and support.
ISOs
Expand your service offerings and boost client satisfaction with tailored merchant solutions.
Business decision-makers
Optimize your cash flow and reduce costs with a payment solutions toolkit customized to your business.
Key Connections
From cash management to cybersecurity, our integrations with industry-leading tools and platforms help you grow revenue, manage workflows, and mitigate risks.
Discover Opportunities
Get the insights, trends, and practical advice to make the most of your money.
Enhance Your Business with MX™ Merchant - Express and MX™ Merchant - Advantage Surcharging
How Does Payment Processing Work?
Let’s Connect
We can help you power your business with innovative merchant processing solutions based on your specific needs.
Business in need of payment processing? Get started here:
ISO looking to partner with Priority? Get started here:
Your Financial Ecosystem
Banking and Treasury Solutions
Payables
Payroll
We’re Here to Help
Frequently Asked Questions About Merchant Services and Payment Processing
What are merchant processing services?
Merchant processing services allow businesses to accept and process electronic payments, including credit/debit cards, virtual cards, ACH transfers and mobile payments. These services ensure secure, fast and efficient transactions between customers and merchants.
How does merchant service payment processing work?
Merchant service payment processing involves several key steps:
- Transaction Initiation: The customer pays using a credit/debit card or mobile wallet.
- Authorization: The payment processor verifies the transaction with the customer’s bank.
- Approval: If approved, the merchant receives confirmation and the transaction is completed.
- Settlement: The settlement stage finalizes the transaction by transferring the funds from the customer’s issuing bank to the merchant’s acquiring bank. With Priority’s processing solutions, businesses can receive same-day funding, ensuring faster access to cash flow.
What happens when a payment is processed?
When a payment is processed, the following steps occur:
- Authorization Request: The payment processor submits the transaction to the customer’s bank.
- Verification: The issuing bank confirms available funds.
- Approval or Decline: The transaction is either approved or rejected.
- Settlement: If approved, funds are transferred to the merchant’s account, typically within the same business day with Priority’s solutions.
This process ensures a secure, efficient transfer of funds. What sets Priority apart is that payment processing is just one part of a connected commerce engine. Our platform ties together payments, banking, vendor disbursements, and reporting in one system, helping businesses manage their full revenue cycle with speed, control and clarity.
Who needs merchant services?
Any business that accepts electronic payments — whether in retail, e-commerce, hospitality or services — needs merchant services. These services provide customers with flexible payment options, improve security and streamline transaction management.
What is the difference between a payment gateway and a merchant service?
A payment gateway securely transmits payment information between a merchant and a payment processor, ensuring data encryption.
Merchant services cover a broader range of financial solutions, including payment processing, merchant accounts and point-of-sale (POS) systems. While a gateway is a component of merchant services, the latter manages all aspects of payment acceptance and processing.