{"id":27893,"date":"2024-11-06T07:53:04","date_gmt":"2024-11-06T15:53:04","guid":{"rendered":"https:\/\/trc-parus.ru\/?p=27893"},"modified":"2024-11-06T07:53:05","modified_gmt":"2024-11-06T15:53:05","slug":"payment-processing-usa-2024-market-overview","status":"publish","type":"post","link":"https:\/\/trc-parus.ru\/blog\/payment-processing-usa-2024-market-overview\/","title":{"rendered":"Payment Processing USA: 2024 Market Overview"},"content":{"rendered":"\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The payment processing market<\/a> in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce.\u00a0<\/p>

This report provides a comprehensive analysis of the U.S. payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

What is the Payment Processing Market<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The\u00a0payment processing market<\/a>\u00a0is an ecosystem that enables the secure, efficient transfer of funds from customers to merchants for goods and services. This market includes a range of services and technologies that facilitate the acceptance, authorization, and settlement of payments across various channels, including online, in-store, and mobile.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Credit\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The value chain in payment processing involves multiple parties that play specific roles in facilitating transactions. Key stages in the payment processing value chain include:<\/span><\/p>

Merchant<\/strong>:\u00a0<\/span>The merchant is the entity selling goods or services and accepting payments. Merchants partner with acquirers or payment processors to enable transactions. They require secure systems like point-of-sale (POS) terminals<\/a>, online checkout gateways, or mobile payment solutions to process payments.<\/span><\/p>

Payment Processor: ISO\/PayFac<\/span>:\u00a0<\/span>The payment processor handles the sales, support, onboarding, and sometimes technology for merchants, such as the payment terminals and payment gateway. They can also offer additional services like fraud detection, chargeback management<\/a>, and analytics.<\/span><\/p>

Acquirer (Merchant\u2019s Bank)<\/strong>:\u00a0<\/span>The acquirer<\/a>, often referred to as the acquiring bank, is the financial institution or processor that partners with merchants to process their transactions. The acquirer manages the merchant\u2019s account, receives transaction requests, and forwards them to the appropriate card network or issuing bank for approval. Acquirers also handle transaction settlement and ensure funds are deposited into the merchant\u2019s account.<\/span><\/p>

Card Networks (Visa, Mastercard, etc.)<\/strong>:\u00a0<\/span>Card networks<\/a>, such as Visa, Mastercard, American Express, and Discover, play a critical role by routing transaction data between acquirers and issuers (cardholders\u2019 banks). These networks establish and enforce security standards, manage authorization, and facilitate the global infrastructure for secure, reliable payment flows. They also set interchange fees that cover transaction costs and risks.<\/span><\/p>

Issuing Bank (Cardholder\u2019s Bank)<\/strong>:\u00a0<\/span>The issuer<\/a> is the financial institution that provides the consumer with a payment card (credit, debit, or prepaid). When a transaction request is routed to the issuer, it verifies the cardholder\u2019s credentials, checks for sufficient funds or credit, and approves or declines the transaction. The issuer takes on the risk of credit and extends funds to complete the transaction on behalf of the cardholder.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

Market Size and Growth<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The U.S. payment processing market remains a major player in the global economy, with transaction volumes that highlight the sector\u2019s vast scale and continued expansion.\u00a0<\/p>

In 2023, the total volume of card-based transactions, which includes credit, debit, and other electronic payments, reached over $10 trillion. This growth is driven by increased adoption of digital payment methods, evolving consumer behavior, and an expanding e-commerce sector.<\/p>